Oireachtas Joint and Select Committees

Wednesday, 26 May 2021

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Developments in the Insurance Industry: Discussion (Resumed)

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael) | Oireachtas source

How did the companies previously insure risk-based investment funds? I raised that question in the previous meeting. It arose from a parliamentary question I put down to the Minister about ten years ago. The reply stated that normally it did not happen. I did not ask about what “normally” happened. I asked whether there were any such offers offered and were payments made on foot of losses incurred arising from high-risk investments or ventures by investment funds.

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