Oireachtas Joint and Select Committees

Wednesday, 9 July 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Collapse of Setanta Insurance: Central Bank and Department of Finance

2:35 pm

Mr. Antoine MacDonncha:

We have asked the liquidator to prioritise ascertaining a minimum amount of shortfall. Obviously, it will be some time before he is able to determine exactly how much will be available to meet claims. We have asked him to let us know if he finds that there will be a shortfall of at least a certain percentage so that we can set about providing at least some interim payment, if that proves possible, for policyholders who have claims.

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