‘Beggars belief insurance firm traded as it did’

Judge says State should make up shortfall or else Setanta-insured motorists could be liable for €15.5m

‘Beggars belief insurance firm traded as it did’
Sat, 30 Sep, 2017 - 01:00
Gordon Deegan

A judge said yesterday it “beggars belief” that the collapsed Maltese-registered insurance company, Setanta Insurance, was allowed trade here in the manner it did.

Judge Gerald Keys made his comment at Ennis Circuit Court yesterday.

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CourtsCourtsPerson: Gerald KeysPerson: KeysPerson: Finance MinisterPerson: Paschal DonohoePerson: DonohoePerson: Willis Towers WatsonPerson: Michael McGrathPerson: McGrathOrganisation: StateOrganisation: SetantaOrganisation: Setanta InsuranceOrganisation: Ennis Circuit CourtOrganisation: Supreme CourtOrganisation: Motor Insurers’ Bureau of IrelandOrganisation: MIBIOrganisation: DáilOrganisation: Fianna FáilOrganisation: ICFOrganisation: Department of Finance
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