About us
FDI Insurance d.a.c. is an Irish insurance undertaking with its registered office at Elm Park, Merrion Road, Dublin 4. We are authorised by the Central Bank of Ireland, we publish our capital position every year, and we have never written a line of business we could not explain.
Glendalough, Co. Wicklow · Superbass, CC BY-SA 4.0
Who we are
FDI Insurance DAC (FDI Insurance d.a.c.) is an independent credit and suretyship insurer based in Dublin, Ireland. The name FDI Insurance Ireland refers to this same company. Its statutory name is FDI Insurance Designated Activity Company, registered in Ireland under number 344028 and authorised by the Central Bank of Ireland under reference C33629.
FDI Insurance was incorporated in Ireland on 5 June 2001 and is registered in Dublin under number 344028. Its legal form is a private company limited by shares, qualified as a Designated Activity Company under the Irish Companies Act 2014 — which is what the “d.a.c.” after our name means: our objects are fixed in our constitution, so the company cannot quietly become something else.
We are a non-life insurance undertaking, authorised on 5 July 2001. The authorisation covers classes 13 and 14 of non-life insurance — general liability and credit — and we report credit and suretyship together as a single Solvency II line of business: credit and suretyship insurance and proportional reinsurance. Most of the risk we carry is located in the United Kingdom.
The company is privately held. Its issued share capital is held in registered form by a mixed shareholder base of financial investors — investment funds, private capital vehicles and financial holding companies — and the company is managed and controlled by its own Board from Dublin. It holds its own authorisation and carries its own capital: the solvency figures published here are the undertaking’s own rather than a share of anybody else’s.
FDI Insurance Designated Activity Company, trading as FDI Insurance d.a.c. and also known as FDI Insurance DAC, is an independent Irish non-life insurer. Its privately held share capital belongs to a mixed base of financial investors — investment funds, private capital vehicles and financial holding companies. It has no parent company and belongs to no group. Its own Board manages and controls the company from Dublin, and it underwrites on its own capital under Central Bank of Ireland authorisation C33629.
Capital is calculated on the standard formula. We do not use the matching adjustment, the volatility adjustment, or either of the transitional measures — there is nothing in our balance sheet that would need them. Our accounts are prepared under Local GAAP and reported in GBP; they are audited by PricewaterhouseCoopers, Spencer Dock, North Wall Quay, Dublin 1, Ireland.
Every figure in the paragraph above, and every figure in our solvency section, is taken from a Solvency & Financial Condition Report filed with and published by the Central Bank of Ireland. The reports themselves download from that section, newest first.
Two currencies appear at the foot of that table, and they are not two sets of books. The accounts and the filed reports are stated in GBP, and every figure on this site with them. The euro is the currency the same figures are read in elsewhere: the Central Bank of Ireland restates them in euro in its annual disclosure for the whole market, the Minimum Capital Requirement we are held to is the absolute euro floor for the class rather than a share of our own requirement, and the Spanish book is written in euro. Bonds themselves are issued in sterling, euro or dollars.
One authorisation carries all of it. Business written in Ireland, in the United Kingdom and in Spain sits on the same balance sheet and is priced by the same desk in Dublin, and prudential supervision stays with the Central Bank of Ireland wherever the risk is located. A host-state register records that we are there and what we may write; our capital is supervised here.
Every one of the 7 reporting periods on this site was audited and filed up to 2024, and a period whose report has not been published yet is shown as our own management figures and labelled as such. 2024 closed with £16.2m of eligible own funds and a cover ratio of 163%, which a company this size can hold only because it writes two classes and one line of business rather than the whole non-life market. We would rather be checked than believed: the registers are below.
Markets where we operate
One authorisation, one balance sheet, one underwriting desk — read in Dublin, exercised where our brokers and their clients are. Each market below is a live part of the book, not an ambition.
Home market and supervisor
Authorised in Dublin since 2001 and supervised by the Central Bank of Ireland. The underwriting, the capital behind it and the reports that account for both are all in one place.
Where most of the risk sits
Most of the risk we carry is located in the United Kingdom, written through appointed intermediaries who deal with a named underwriter rather than a queue.
Crédito and caución
Entered on the Spanish register for credit and suretyship: guarantees a contracting authority, a tax authority or a counterparty accepts, without spending the bank facility that funds the work.
In every market we write the same three classes of non-life insurance — 13, 14, 15 — under the authorisation the Central Bank of Ireland granted in 2001. What those classes cover
The company in numbers
Eligible own funds have risen in every one of the 7 reporting periods we publish here — by £2.28m since 2019 — because operating results have been retained in the company rather than distributed. The 2025 figures below are provisional management figures; 2024 is the most recent period with a published report.
25
Years authorised
Authorised 5 July 2001
£16.9m
Eligible own funds
S.23.01.01 R0540 · Provisional 2025
173%
SCR cover ratio
Provisional 2025 · Board target 163% for 2024
£19.0m
Total assets
Solvency II valuation · Provisional 2025
How we work
Every one of these narrows what we can write. That is the point: a promise is only worth what the balance sheet behind it can bear.
01
A single line of business, written for counterparties we can assess in depth, beats a broad book we can only assess at arm’s length. Our appetite is narrow on purpose.
02
Operating results have been retained in the company rather than distributed, which is why own funds have risen every year since 2019 while the balance sheet stayed simple.
03
Assets sit in deposits and receivables, not structured credit. The simplicity of the balance sheet means solvency valuation needs no bespoke models or adjustments.
04
Intermediaries deal with a named underwriter in Dublin. Terms of business, bond wordings and referrals are handled by people who can commit, not routed to a call centre.
Our history
Not a long history, and not an eventful one. For an insurer, that is a recommendation.
FDI Insurance d.a.c. is an Irish insurance company, based in Dublin from the start. It was incorporated in Ireland on 5 June 2001 and authorised by the Central Bank of Ireland on 5 July 2001 to carry on non-life insurance business, and it has been authorised and supervised there ever since. In 2014 it was re-registered as a Designated Activity Company under the Irish Companies Act 2014, the legal form it has today. Its business is credit and suretyship insurance — bonds, guarantees and credit cover written on its own paper, from its registered office in Dublin, for principals and policyholders introduced by brokers — and every report it has filed reports that single line of business. The company’s origins are a matter of public record: its incorporation on the Companies Registration Office register, its authorisation on the Central Bank of Ireland register, and its capital in the reports hosted on this site. That record, and this site, are the company’s own account of where it comes from.
FDI Insurance is incorporated in Ireland on 5 June 2001 and authorised by the Central Bank of Ireland a month later, on 5 July 2001, to carry on non-life insurance business.
The company is re-registered as a Designated Activity Company — a d.a.c. — under the Irish Companies Act 2014, which fixes its objects in its constitution.
The United Kingdom left the European Union on 31 January 2020 and entered a transitional period to 31 December 2020. FDI recorded this as a material event with no material financial impact, and continued to underwrite UK-located risk.
Eligible own funds reach £15.3m against a Solvency Capital Requirement of £11.0m, a cover ratio of 139%, with profits retained in the company rather than distributed.
Eligible own funds of £16.2m against a Solvency Capital Requirement of £10.0m — a cover ratio of 163%. The requirement fell as market risk on the deposit book roughly halved, so cover recovered sharply from the 2023 figure while capital kept growing. The Minimum Capital Requirement is the absolute euro floor set for the class of business rather than anything the book itself generates, and is covered nearly five times over.
Provisional management figures for the year to 31 December 2025 show eligible own funds of £16.9m against a requirement of £9.7m, a cover ratio of 173%. The report for the period has not been filed yet.
Governance
Solvency II requires every undertaking to operate four independent key functions. In a company our size the people are few, but the reporting lines are the same as anywhere else — and they run to the Board, not to the underwriters.
Maintains the risk register and risk appetite framework, and runs the Own Risk and Solvency Assessment (ORSA) that tests the balance sheet against forward-looking stress scenarios.
Calculates and signs off technical provisions, opines on the adequacy of premiums and on the reinsurance programme, and contributes to the standard-formula capital calculation.
Monitors adherence to the Insurance Regulations, the Central Bank’s Corporate Governance Requirements and the Consumer Protection Code, and reports breaches to the Board.
Provides independent third-line assurance over the control environment, reporting directly to the Audit Committee with unrestricted access to the Board.
Public registers
You do not have to take any of the above on trust. The corporate record sits with the Companies Registration Office, the authorisation sits with the Central Bank of Ireland, and the Legal Entity Identifier is published by the Irish issuing agent. Each link below opens our own entry, not a search page, and none of them needs an account.
The statutory register of Irish companies. Holds the constitution, annual returns and filed financial statements.
core.cro.ie
The register of firms authorised to carry on financial services business in Ireland, including insurance and reinsurance undertakings.
registers.centralbank.ie
The Legal Entity Identifier record, issued in Ireland and used to identify the company in regulatory reporting across jurisdictions.
lei-ireland.ie
If a register reorganises its addressing and one of these links stops resolving, the identifiers above are what you need: search the name FDI Insurance DAC, the registered number 344028, or the Central Bank reference C33629.
Central Bank of Ireland
Our entry on the register of financial service providers as the register stated it on the date of consultation: the institution reference, the register section, the date of authorisation and the classes, with the extract of the entry and the steps to check it against the live register.
Institution reference C33629 · Register consulted on 29 September 2026
Dirección General de Seguros y Fondos de Pensiones
Our entry on the Spanish administrative register of insurance and reinsurance undertakings as the register stated it on the date of consultation: the clave, the two ramos, the regime and the dates, with the extract of the entry and the steps to check it against the live register. In Spanish, for a Spanish beneficiary, contracting authority or broker.
Clave L1617 · Register consulted on 29 September 2026
Both certificates are issued by the company from the public register each names, and say so on every page. They reproduce the entry as the register stated it on the date of consultation; the register itself remains the authoritative record, and each certificate carries the steps to check it.
Corporate Brochure
Comprehensive corporate profile and underwriting capabilities, in English.
PDF · 11 pages · 7.9 MB
Exclusively featuring Irish enterprise, architecture, and infrastructure photography.
Central Bank of Ireland
The register of every insurance undertaking authorised to carry on non-life business in Ireland: the name, the head office address, the date of authorisation and the classes of business each authorisation covers, with the class numbering set out on the final page.
Our own line is on page 4: FDI Insurance Designated Activity Company, Elm Park, Merrion Road, Dublin 4, authorised 5 July 2001, classes 13 and 14.
Authorisations are granted under the European Union (Insurance and Reinsurance) Regulations 2015 (S.I. No. 485 of 2015). The register is generated from the Central Bank’s live database on request, so this copy is the run of 1 September 2026 rather than an edition — the register itself is the second link above.
Counts as at 1 September 2026. We are one of the smaller undertakings on the list, and one of the narrowest.
Three classes of non-life insurance — 13, 14, 15 — and everything we write sits inside them: what a business can owe somebody else, what it is owed, and what it has promised to stand behind.
Held together, those three classes are the reason one underwriter can look at a whole obligation instead of half of it — the bond the beneficiary wants, the credit risk sitting behind it, and the liability that comes with doing the work. A guarantee we issue rests on our balance sheet rather than on the bank facility that funds the job, so the client keeps the working capital they were going to pledge.
Classes 13 and 14 are the two the Central Bank of Ireland lists against our name, with suretyship inside 14; class 15 is how that same suretyship cover is numbered wherever a register itemises it as a class of its own. It is one authorisation either way. What we write in Spain.
Incorporation and authorisation are separate events a month apart, and are labelled separately throughout this site: FDI Insurance DAC was incorporated on 5 June 2001 and authorised on 5 July 2001.
For the figures rather than the registration, the Central Bank of Ireland publishes an annual disclosure setting out the Solvency II templates for every undertaking it authorises. FDI Insurance DAC appears in it alongside the rest of the market.
Sources
Everything factual on this page is drawn from public registers and public filings. The registers are here, each one open to anyone. The filings are all in the solvency section, where every report we have ever filed can be downloaded.
Common questions
Key facts regarding our independent status, authorisation by the Central Bank of Ireland, and corporate history.
Our offices
A modern office quarter in south Dublin: low buildings, open ground and a few minutes from the city centre. 12 photographs of it: the way in, the working floor, and the rooms our own staff and our MGA colleagues work in.
Photographs of our own premises. Select any frame to enlarge it; the arrow keys move between them.
Monday to Friday, 09:00–17:00 (IST) · [email protected]