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
Pearse Doherty (Donegal South West, Sinn Fein)
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This is sometimes a bit difficult to follow and a royal mess for those who have claims with Setanta Insurance. The last thing they wanted to see was this to end up in the courts which will delay payment further. I appreciate all involved are doing everything they can to resolve this, however.
Given their experience in this case, what do the delegations believe needs to be done to ensure a mess of this nature is not created again? I know it is a unique situation where an Irish company registered in Malta sold into the Irish market but went belly up. Are there any proposals to ensure we are not in the situation again?