Liquidation of Setanta Insurance could ‘take some time’

Relevant Setanta policy holder info:

Speaking before the Joint Oireachtas Committee on Finance, Public Expenditure and Reform, Mr Sheridan said that the liquidator is currently in the process of assessing the level of potential claims and the assets and liabilities of Setanta in order to estimate the actual shortfall.

“This process could take some time, particularly as some claims may not as yet have been submitted and also some claims may be ongoing for some considerable time,”he said, adding that policyholders or third party claimants, who have not yet submitted their claim to the liquidator, should do so as soon as possible.

“This will ensure that the claimant will be included as a creditor of Setanta when its liabilities are being assessed. Our understanding is that premium refunds are automatically included on the creditors list.”


Brady Burns Insurance Brokers.