Oireachtas Joint and Select Committees

Wednesday, 1 April 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Setanta Insurance Liquidation: Discussion

2:00 pm

Mr. Paul Mercieca:

On that point, I stated that the €90 million is a projection of what the claims could be. It does not necessarily mean there will be 1,748 claims. There could be many more claims to reach that €90 million. The 1,748 claims we have today equate to the €53 million we are providing. The projection from actuaries is that the €53 million could be €90 million. In the same way, claim numbers could go up from 1,700.

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