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
3:40 pm
Mr. Pat Casey:
We have a preliminary view but that is still being examined by Towers Watson. The part to understand is that the liquidator has appointed Towers Watson to examine this and to have a full examination of the claims process and the total number of claims. What the liquidator has clearly said to us is that he has a figure of 2,000 claims but, in addition, there is a further amount of claims that needs to be taken into account which were incurred but not reported. While he does not know how big or small that is, he expects it could be substantial and could have a material effect.