Oireachtas Joint and Select Committees

Thursday, 4 May 2017

Seanad Committee on the Withdrawal of the United Kingdom from the European Union

Engagement with Industry Representatives

12:50 pm

Photo of Paul DalyPaul Daly (Fianna Fail) | Oireachtas source

Without turning this into an insurance inquiry, I wish to elaborate on what has already been said in the broader context. By virtue of the fact that the witnesses have been brought before the committee in one group, they are all sitting in front of us. Have they sat together prior to today? What issues that they have flagged have they tried to address among themselves? Before Mr. Thompson got a chance to make his contribution, Ms Callan stated that insurance is an issue. She mentioned companies in the group which have suspended investment and which are actively considering relocation. Without getting into specific names and details, will she elaborate a little more on this? Is the suspension of investment specifically Brexit-related or is it due to some of the issues already mentioned, such as escalating insurance costs?

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