155. Deputy John Halligan asked the Minister for Finance if he is monitoring the situation regarding the collapse of Setanta Insurance which is affecting over 75,000 Irish citizens, some of whom have been left without cover or reimbursement for premiums paid and others who have been left uncovered during claim proceedings; if his Department has plans or authority to intervene in the situation in view of the fact that the European Commission is to investigate the closure and indeed the EU legislation which allowed it to sell insurance here; if he has sought clarification from the Financial Regulator here regarding this foreign regulation; if he will be sending a representative from his Department to represent Irish interests at the meeting of creditors being held in Malta next week; and if he will make a statement on the matter. [20123/14]

Summary

155. Deputy John Halligan asked the Minister for Finance if he is monitoring the situation regarding the collapse of Setanta Insurance which is affecting over 75,000 Irish citizens, some of whom have been left without cover or reimbursement for premiums paid and others who have been left uncovered during claim proceedings; if his Department has plans or authority to intervene in the situation in view of the fact that the European Commission is to investigate the closure and indeed the EU legislation which allowed it to sell insurance here; if he has sought clarification from the Financial Regulator here regarding this foreign regulation; if he will be sending a representative from his Department to represent Irish interests at the meeting of creditors being held in Malta next week; and if he will make a statement on the matter. [20123/14]

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• Insurance Industry

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