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Ireland: Setanta Insurance's liquidation may "take some time," says central bank official

July 10, 2014 - 6:00am


Central Bank of Ireland's director of consumer protection, Bernard Sheridan, has said Setanta Insurance Co. Ltd.'s liquidation is likely to "take some time," The Irish Times reported.

Setanta collapsed in April. Mr. Sheridan said the liquidator is, among other things, assessing the level of potential claims. When it went into liquidation, Setanta had approximately 75,000 policyholders, two thirds of which were commercial motor insurance policies and one third was private motor insurance policies.

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