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Financial health of 3 insurance companies in doubt..

Youngblood.III · 2015-03-31 13:29:28

Was shopping around for house and car insurance, so I googked a few to see if there was any rubblings in any of them...this shocked me From the indo 29/3/15 "The Central Bank has hinted that it lacks sufficient supervisory expertise to police the sector, and indicated it is worried about the financial health of at least…

31-03-2015 1:29pm

#1

Youngblood.III

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Was shopping around for house and car insurance, so I googked a few to see if there was any rubblings in any of them...this shocked me

From the indo 29/3/15
"The Central Bank has hinted that it lacks sufficient supervisory expertise to police the sector, and indicated it is worried about the financial health of at least three insurers"

[SNIP]

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Comments

#2 31-03-2015 6:36pm

Wexy86

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Youngblood.III wrote: »

I wonder which ones, [SNIP] and could my insurance be at risk if they collapse?

[SNIP]

I don't know the legal side of a collapse but if Setanta is anything to go by you'll be the one left out of pocket with no recourse.

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#3 31-03-2015 9:06pm

Youngblood.III

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[SNIP]

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#4 02-04-2015 5:50pm

Toots

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Guys, per the charter and the Stickied Thread at the top of the forum, please don't speculate about individual insurance companies until there is verifiable confirmation (ie a link-able article with concrete facts, not just an opinion column) that they are in trouble.

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#5 17-09-2015 4:19pm

Youngblood.III

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I was right about two of them...
RSA is looking like it's going to be sold to Zurich and FBD got a outside injection of 70 million.

http://www.irishtimes.com/business/financial-services/british-insurer-rsa-sells-its-latin-america-spin-off-to-smooth-zurich-takeover-1.2344595

http://www.irishtimes.com/business/technology/fbd-to-meet-eu-standards-with-70m-fairfax-loan-1.2354095

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#6 17-09-2015 4:45pm

Atlantic Dawn

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M

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Bad news for the consumer.

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#7 17-09-2015 8:42pm

ravima

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...................and how does RSA being sold to Zurich or FBD arranging their €70m Bond mean that either or both are 'weak'?

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