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
3:40 pm
Arthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source
Given there are 75,000 policies overall, what quantum of money would Mr. Casey expect to see as a reserve? An awful lot of the policies that were bought were cash injections which did not run the full course of the policy and were not put into the overall exposure. Therefore, a large percentage of these would be in an asset form. Of the 70,000 to 75,000 policies, what kind of assets would the witnesses predict are behind that?
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