Finance and Central Bank to seek insurance remedies

Senior officials from the Department of Finance and the Central Bank are to meet to discuss measures to address weaknesses in the loss-making insurance industry.

The talks between the two sides are to focus on policy initiatives suggested by Central Bank governor, Patrick Honohan for the sector.

This follows the intervention of the Minister for Finance Michael Noonan who requested a report on the difficulties being faced by the Irish insurance sector from Mr Honohan.