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News and events from IPB
News and events from IPB
The 91st Annual General Meeting of IPB Insurance CLG took place on Friday, 28 April at The Ashling Hotel, Dublin. Chairman of IPB Insurance, George Jones noted IPB’s solid performance in a challenging environment and also acknowledged the key challenges facing Members particularly in the areas of housing, infrastructure, education, enterprise and community development.
This was followed by a detailed review of the financial and operational performance for the year, presented by IPB’s Chief Executive Officer, Michael Garvey. He reported that Gross Written Premium (GWP) grew by 10% year-on-year to €124.9m. Total claims paid during the year amounted to €78.3m meanwhile IPB’s underwriting performance resulted in a loss of €3.9m.
However, the overall performance for the year resulted in a surplus before tax (SBT) of €18.2m. This was driven mainly by better than expected investment returns of €23.1 million during the year and delivered against a backdrop of a volatile year for the financial markets in general.
Please click to view IPB Insurance Annual Report 2016
Notice relating to Storm Éowyn
As property owners and employees return to properties over the course of the weekend, following the storm and the extreme weather, inevitably some damage will have been experienced across the country. Where possible efforts should be made to make safe affected areas or indeed to close off affected areas or sites. In the event of small damage incidents, please note or retain any materials relevant to the incident or damage and secure the property where possible. In all case only take such actions where it is safe to do so.
In the event of serious damage or where emergency assistance is required, please contact one of the following emergency contacts who will liaise with you.
Jacinta Gill on 086 8555028
Maria Carroll 087 7457674
Notifications of loss and claims may be made during regular business hours on Monday.