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:

Based on the actuarial reports I have received which project the claims up to the figures I mentioned and on the estimates for the costs of the liquidation for the next three years - I keep repeating they are best estimates - ultimately, we will not be able to pay more than 30% of insurance claims.