High Court approves €8m payment from State fund over Setanta liquidation

The president of the High Court has approved a payment of more than €8.3m out of the State’s Insurance Compensation Fund arising from the liquidation of Maltese-registered insurer Setanta.

The payment is to meet the cost of awards or settlements relating to 263 claims made against various Setanta policies and is the fifth such payment out of the fund since Setanta went into liquidation in 2014.