The new Naas FBD branch opened by FBD CEO Fiona Muldoon and branch manager Brian Scully.
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Post Insurance, which is owned by An Post and sells car insurance to consumers across Ireland, has completed a deal with FBD. FBD will become one of the company's car insurance underwriters. An Post already has agreements in place with two other insurers, AIG and Aviva.
Fiona Muldoon told the Irish Farmers Journal that this was exciting news for FBD and that 2018 is about carefully growing the business in a profitable way. She said that she sees the consumer car market as a growth area for FBD. She added this distribution partnership will assist FBD in profitably growing its consumer car insurance share which will give access to consumer segments that were previously out of reach for FBD. She also said it complements FBD’s branch network and the Mullingar sales centre and will serve to broaden and deepen the FBD brand.
The Post Insurance sales team will sell and service a fully branded Post Insurance FBD policy. Distribution relationships like these have become very common within the Irish market and FBD was unique in not having one up to now.
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This new partnership will provide FBD with an opportunity to broaden its distribution footprint and compete for new business. This new distribution channel will be managed by Sales & Distribution under John Cahalan, FBD’s chief commercial officer.
Post Insurance has ambitious plans to double its share of the motor car insurance market in Ireland from 4%.
Shares in FBD have risen 30% in the last 12 months and closed at €10.70 on Friday.
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Post Insurance, which is owned by An Post and sells car insurance to consumers across Ireland, has completed a deal with FBD. FBD will become one of the company's car insurance underwriters. An Post already has agreements in place with two other insurers, AIG and Aviva.
Fiona Muldoon told the Irish Farmers Journal that this was exciting news for FBD and that 2018 is about carefully growing the business in a profitable way. She said that she sees the consumer car market as a growth area for FBD. She added this distribution partnership will assist FBD in profitably growing its consumer car insurance share which will give access to consumer segments that were previously out of reach for FBD. She also said it complements FBD’s branch network and the Mullingar sales centre and will serve to broaden and deepen the FBD brand.
The Post Insurance sales team will sell and service a fully branded Post Insurance FBD policy. Distribution relationships like these have become very common within the Irish market and FBD was unique in not having one up to now.
This new partnership will provide FBD with an opportunity to broaden its distribution footprint and compete for new business. This new distribution channel will be managed by Sales & Distribution under John Cahalan, FBD’s chief commercial officer.
Post Insurance has ambitious plans to double its share of the motor car insurance market in Ireland from 4%.
Shares in FBD have risen 30% in the last 12 months and closed at €10.70 on Friday.
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