Oireachtas Joint and Select Committees

Thursday, 27 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Insurance Schemes: Discussion

11:25 am

Mr. Joe Leddin:

After due diligence and regulatory approval. It is a fully functioning and profitable arm, so it was just a division of FBD that FBD was unloading. JLT would grow by acquisition as well, so it was purely an acquisition 24 months ago or nearly 36 this December.

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