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.