Fiona Muldoon, CEO at FBD, giving a talk at the Women & Ag conference at the Knightsbrook Hotel, Trim, Co Meath.
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David Costello, who will join FBD on 22 February 2016, is a qualified actuary and a Fellow of the Society of Actuaries in Ireland. He is joining FBD from Allianz Worldwide Care, where he was head of actuarial services for the past nine years and a member of the executive management team.
The new chief risk officer has worked in various actuarial roles in the insurance industry over 25 years in a number of companies, including Zurich Insurance Ireland and New Ireland. He has also served on the Council of Actuaries (2009-2013).
Mr Costello’s appointment comes in the wake of a difficult financial year for FBD. Last year, the company posted a loss of €96m before tax for the first six months of 2015.
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The role of the chief risk officer is intimately involved in deflecting the possibility of such a profit loss repeating itself. The main responsibility of the role is to look at the risks the company faces and assess how best to mitigate them.
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David Costello, who will join FBD on 22 February 2016, is a qualified actuary and a Fellow of the Society of Actuaries in Ireland. He is joining FBD from Allianz Worldwide Care, where he was head of actuarial services for the past nine years and a member of the executive management team.
The new chief risk officer has worked in various actuarial roles in the insurance industry over 25 years in a number of companies, including Zurich Insurance Ireland and New Ireland. He has also served on the Council of Actuaries (2009-2013).
Mr Costello’s appointment comes in the wake of a difficult financial year for FBD. Last year, the company posted a loss of €96m before tax for the first six months of 2015.
The role of the chief risk officer is intimately involved in deflecting the possibility of such a profit loss repeating itself. The main responsibility of the role is to look at the risks the company faces and assess how best to mitigate them.
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