Jonathan Hehir, MD of CFM Group: ‘Irish businesses remain plagued by a dearth of competition in the employer and public liability insurance market’
The business insurance market in Ireland should look “significantly more competitive” in the next two years as new players enter the market, a senior industry figure has said. Jonathan Hehir, the managing director of CFM Group, a broker, said that if Irish courts follow the lead set by the Personal Injuries Assessment Board , and cut compensation awards by an average of 50 per cent, it will increase competition in the market.
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