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:
That €67 million is an estimate of the projected claims and development of those claims, based on an industry standard as prepared by Towers Watson. I am not sure what that figure mentioned by the Deputy is, but the current claims estimate is at €53 million. That is what the company is reserving today.