The FBD Group currently comprises two main structures. Firstly, there is a holding company – FBD Holdings plc. This is the plc that is quoted on the Dublin and London stock exchanges. FBD Holdings plc was set up in 1988. The company currently has nine directors. Secondly, there is FBD Insurance plc, which is a principal subsidiary of Holdings and was set up in 1967. This company has seven directors.
The current group structure has three common directors and the proposed new structure will have a board of at least nine. It is likely that some of the members will move across to the new board structure.