The Irish taxpayer could be left to pay the outstanding claims of Irish policyholders of collapsed Danish insurer Qudos through the Insurance Compensation Fund (ICF).

Fianna Fáil’s finance spokesperson Michael McGrath says that priority has to be given to ensuring that Irish claimants are paid by Danish insurer Qudos which went into liquidation recently.

The chief executive of Insurance Ireland is advising the 50,000 Irish customers of Danish insurer Qudos to contact their broker to avail of alternative cover.