Oireachtas Joint and Select Committees
Thursday, 27 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Insurance Schemes: Discussion
11:05 am
Mr. Stephen Rance:
On that last point, our recommendation would be to bring together a consortium of insurers rather than dealing with individual insurers. Such a consortium of appropriately rated insurers would allow us to address more of the market and would give the large banks a wider risk spread. They would not have all of their risk with one insurer but would be able to spread their counter party risk. That is critical.
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