Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
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  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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FBD Holdings PLC (FBH)

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Friday 30 December, 2011

FBD Holdings PLC

Sale of General Insurance Brokerage

RNS Number : 7625U
FBD Holdings PLC
30 December 2011

FBD Holdings plc

30 December 2011



Sale of General Insurance Brokerage


FBD Holdings plc ("FBD" or the "Company") announces that it has today sold its subsidiaries, FBD Insurance Brokers Limited, International Loss Control Services Limited and FBD Risk Management Services Limited (collectively referred to as "FBD Brokers"), to JLT Insurance Brokers Ireland Limited ("JLT Ireland").


FBD Brokers was established in 1973 by FBD to manage the commercial insurance needs of large commercial and corporate clients.  FBD Brokers employs 33 staff, is headquartered in Dublin and is a leading provider of insurance broking services to the agri-food, waste management and renewable energy sectors.


JLT Ireland is the fifth largest insurance brokerage in Ireland and has offices in Dublin and Cork employing 100 staff.  JLT Ireland is part of the Jardine Lloyd Thompson Group plc, a publicly listed international group of risk specialists and employee benefits consultants and one of the largest companies of its type in the world.


The total consideration for the transaction is up to €8.5 million comprising an initial payment of €6.75 million, an additional payment of €0.5 million based on working capital on completion and a deferred payment of up to €1.25 million, payable in 2013 based on FBD Brokers' financial performance in the year following completion.


In the year ended 31 December 2010, the last date to which audited accounts were prepared, FBD Brokers generated a profit before tax of approximately €1.2 million.  At 31 December 2010, FBD Brokers had gross assets of approximately €16.2 million and net assets of approximately €2.2 million.


Mr. Andrew Langford, Group Chief Executive, FBD Holdings plc, said:


"Today's announcement of the sale of FBD Brokers is another significant strategic step for FBD, which will allow us to focus on our core insurance underwriting business and to pursue further growth in the business insurance market through the broker channel.  In partnership with JLT Ireland, FBD Insurance plc will continue to provide insurance services to the agri-food sector and the transaction will give FBD Brokers, as part of the Jardine Lloyd Thompson Group, an enhanced capacity to provide global services to its clients."



For Reference:



FBD Holdings plc


Cathal O'Caoimh, Group Finance Director

+353 1 428 2316

Murray Consultants

Joe Heron

+353 1 4980 300



FBD Holdings plc was advised by Goodbody Corporate Finance Limited in relation to this transaction.

About FBD Holdings plc ("FBD")

The FBD Group was established in the 1960s is one of Ireland's largest property and casualty insurers looking after the insurance needs of farmers, private individuals and business owners.


The following details relate to FBD's ordinary shares of €0.60 each which are publicly traded:



Irish Stock Exchange

UK Listing Authority

Listing Category


Premium (Equity)

Trading Venue

Irish Stock Exchange

London Stock Exchange


Main Securities Market

Main Market










FBD Holdings plc    FBD House, Bluebell, Dublin 12

Registered in Dublin, Ireland Registered Number 135882




This information is provided by RNS
The company news service from the London Stock Exchange

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