Ireland's FBD insurance sells real estate assets, including hotels

At an extraordinary general meeting held at the Irish Farm Centre yesterday, Irish insurance company FBD Holdings chief executive Fiona Muldoon said that the financial regulator was 'getting nervous' about its recent losses before it entered into a €70 million agreement to sell a bond to Canadian financial holdings company Fairfax and sell its real estate assets.

Shareholders in FBD Holdings yesterday agreed to the sale of its 50 percent stake in Property and Leisure to Farmer Business Developments for €48.5 million.

Virtual Event

Hotel Optimization Part 3 | Available On Demand

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event, now available on demand, for expert panels focused on getting you back to profitability.


An 89 percent majority of shareholders agreed to the sale of its hotel and leisure business, which consists of two Spanish properties, La Cala Resort and Sunset Beach Club, as well as three Irish hotels, The Tower Hotel, Faithlegg House Hotel and Golf Course both in Waterford, and Castleknock Hotel in Dublin.