Results 17,981-18,000 of 26,053 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: A limit of 65%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: I welcome the liquidator, Mr. Mercieca, to Ireland. Where does he fall in the sequence of events? He thinks a claimant will receive up to a maximum of 30% of the value of whatever claim is outstanding. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: This company is in effect regulated by the Maltese regulator.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: Mr. Mercieca appears to have a difficulty in locating the beneficial owners of Setanta Insurance. Am I correct in saying that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: Would they not have been required to do that as part of getting the licence from the Maltese regulator at the time?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: Would the regulator not be obliged to provide that information directly to Mr. Mercieca?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: Do we have someone from the Maltese regulator here today?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: In terms of Mr. Mercieca's work, I was a Setanta mortgage policyholder through a broker so I know first-hand what happened at the time. Basically one's policy was renewed but there was no guarantee on how long it would last. This happened around the start of 2014 and then it ceased so that people had to go to other insurance companies, as I had to do. It seems extraordinary that a company...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: On 30 April. The statement of affairs posted at that stage showed a deficit of €17 million.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: What is that deficit now?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: The latest-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: Does Mr. Mercieca believe, looking back now - I do not want to prejudice anything - that the company was trading while insolvent for a period?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: There were 75,000 policyholders. The company traded exclusively in Ireland.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: The 75,000 holders were exclusively in Ireland. Is it correct to say that the company was given the licence by the Maltese regulator?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: By whom was it supervised? Was it supervised in terms of inspections on how the company operated? How did that happen?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: It seems extraordinary that we are in a situation where we do not know the beneficial owners. I assume when Mr. Mercieca locates the beneficial owners, and they have substantial assets, he will pursue those assets on behalf of Setanta mortgage holders.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: But on the basis that there are assets, would Mr. Mercieca in his role as liquidator be required to pursue those assets on behalf of Setanta mortgage holders?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: They may be one and the same.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Kieran O'Donnell: Will Mr. Mercieca ensure his review is expedited as quickly as possible? Will he pursue the beneficial owners of Setanta Insurance in the interests of the 75,000 policyholders in Ireland, many of whom had private motor insurance policies? Will he advance the proceedings as quickly as possible in terms of the High Court review in order that the claimants in the Setanta liquidation are paid...
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)
Kieran O'Donnell: I welcome Mr. O'Regan and Mr. Doorly. Mr. O'Regan has made much about having contrarian views in the newspaper. Morgan Kelly's piece is seen as the defining article. Senator O'Keeffe referenced an article in Vanity Fairin 2011 which indicated that Morgan Kelly sent his piece to the Irish Independent, but the newspaper's editor wrote back to him stating that he found the article offensive...