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

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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What I have heard so far, and please correct me if I am wrong, is that of the 1,748 claims, no claimant has received a cent since the company was put into liquidation, no one can say with any certainty when any money will be paid out to a claimant, and no one can rule out the possibility that claimants will suffer a loss at the end of this. Is there anything inaccurate in any of that?