Written answers
Tuesday, 9 June 2009
Department of Finance
Insurance Industry
8:00 pm
Seán Fleming (Laois-Offaly, Fianna Fail)
Link to this: Individually | In context
Question 90: To ask the Minister for Finance the position regarding a company (details supplied) that was taken in charge by the State a number of years ago notwithstanding that the title of the company has been sold on but the business of the company had been transferred to an alternative company at that stage; and if the administrator has completed their dealings with the original organisation. [22963/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context
The Financial Regulator has informed me that following its failure in 1983, PMPA was renamed Primor plc. The principal activity of Primor plc (Under Administration) is the settlement of outstanding claims liabilities of the company. The company ceased its principal business of insurance underwriting in July 1989. I have been informed that the firm is at an advanced stage of run-off.
No comments