Bloomberg News

FBD’s Exposure to Dublin Floods Probably ‘Modest,’ Davy Says

October 26, 2011

Oct. 26 (Bloomberg) -- FBD Holdings Plc’s exposure related to Dublin floods this week will probably be “modest,” according to Dublin-based securities firm Davy.

“While FBD is unlikely to be immune from the flood damage, it has a below-average exposure to Dublin, the worst hit region,” Davy’s Emer Lang said in a note today. “Single event reinsurance, which covers a 72-hour period, caps the cost at 5 million euros.”

To contact the editor responsible for this story: Finbarr Flynn at fflynn3@bloomberg.net


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