Oireachtas Joint and Select Committees

Wednesday, 19 May 2021

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Developments in the Insurance Industry: Discussion

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael)
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Has the insurance industry become involved during the past ten to 12 years in providing cover against loss in the financial services sector? I posed a question to the Minister some years ago because I was given information to the effect that several lenders had taken insurance cover against some risks. In fact, it was alleged at the time that those lenders were going to get paid by two different bodies. One of those groups was the public, and the other was the insurance companies. What is the story behind that?