Liam Twomey (Wexford, Fine Gael) | Oireachtas source

The total number of claims as of the end of March 2015 is around 619, that is, approximately 1% of the 75,000 people who were insured with Setanta Insurance. As the cost of the claims could run to €90 million, the average cost of claim is running at €150,000. That appears high when compared with equivalent costs in other insurance companies. Mr. Hession said there has been €6.5 billion worth of insurance collapses in Europe? Is that correct?