Oireachtas Joint and Select Committees

Wednesday, 9 July 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Collapse of Setanta Insurance: Central Bank and Department of Finance

2:55 pm

Mr. Bernard Sheridan:

Yes. We looked at a small sample of individual claim files as well as examining other issues in terms of how the company was dealing with consumers. What we found was there seemed to be under-reserving on some - not all - of the files. We relayed that back to the Maltese authorities.