Catherine Murphy (Kildare North, Independent)

Are there any guarantees that Liberty Mutual will not relocate the Quinn Insurance jobs elsewhere once it gets its hands on the company? This issue was raised early on in the debate with criticism levelled against several Opposition Members for not raising it themselves.

My understanding of insurance companies is that they invest moneys raised through premiums in banks, property and other profitable commercial activities. Were the large UK losses suffered by the Quinn group due to insurance claims or investments it made? Are satisfactory protections in place for dealing with losses caused by poor investment?

The legislation requires the insurance compensation fund will be restricted to those companies which conduct at least 70% of their business in the Irish market. However, does this mean that the 2% levy will apply to losses incurred by the insurance group in question in the UK? Will the Minister clarify this confusing matter?

See this speech in context