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

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4:00 pm

Mr. Colm Kincaid:

The issue with reserving is that the company was underestimating its liabilities and, therefore, did not hold against those liabilities the assets that it needed to hold.

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