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:

If the fund is able to make payments up to 65% in the circumstances in which they can make payments, then we will be able to sit down with claimants and say that potentially they can get a certain amount from the fund and there is a balance of 30% or 35% of their claim due.

There is more chance of unlocking the situation and reaching agreement.