Last week, Minister for Finance Paschal Donohoe said his department had been advised by Denmark that if Qudos was placed into bankruptcy after January 1st, 2019, the Danish guarantee scheme would not be liable to meet claims.

Copenhagen insurer Qudos Insurance has filed for bankruptcy, meaning Danish authorities will pick up the tab for 1,400 Irish claims, estimated to run (...)

The High Court last month approved payments of more than €20 million out of the Insurance Compensation Fund to meet a 35 per cent shortfall in awards concerning motorists insured by the collapsed Malta-based insurer Setanta Insurance

The State’s Insurance Compensation Fund may have to be used to settle outstanding claims of Irish policy holders of the collapsed Danish insurer Qudos(...)

PwC claimed Quinn Insurance would be unable to pay costs if it lost the damages claim for reasons including its dependence on the State’s Insurance Compensation Fund, which is subject to political control.

PriceWaterhouseCoopers has failed to get court orders requiring Quinn Insurance Ltd to provide security for the estimated €30 million legal costs of P(...)

“People need to realise that it’s not just about finding the cheapest insurer out there, it’s about looking at their track record in the market and their credit rating.” Photograph: Alan Betson

Motor insurance policyholders in Ireland could be left personally liable for a portion of any claim against them if they have an accident and their in(...)

Some 1,576 claims are still outstanding more than three and a half years after Setanta Insurance collapsed. Photograph: iStock

More than 1,500 claims relating to the now defunct Setanta Insurance are still outstanding more than three years after it went out of business. Fia(...)

The joint administrators of Quinn Insurance invoiced some €2.14m in professional fees, including legal fees, for the period between October 2015 and December 2016, the High Court has been told.

The joint administrators of Quinn Insurance invoiced some €2.14 million in professional fees, including legal fees, for the period between October 20(...)

The liquidator has advised that the cost of settling the claims could be between €87.7 million and €95.2 million. Photograph: Getty Images

Remember Setanta Insurance? It was incorporated and prudentially regulated in Malta but traded solely in the Irish market. It offered some of the che(...)

The report follows the 2014 collapse of Setanta Insurance, which has led to a dispute over who should pick up the tab for the 1,700 open claims that could cost up to €95.2 million to settle

Third-party motor claims arising from the liquidation of an insurer should be met in full by the Insurance Compensation Fund (ICF) and part-funded by(...)

PwC’s Dublin office. PwC was the auditor of Quinn Insurance Ltd  for the years ending 2005, 2006, 2007 and 2008 and the administrators have alleged breach of contract and breach of duty in its auditing.

Accountancy firm Price WaterhouseCoopers has estimated it will incur legal costs of more than €30.1m in defending a claim for €800m brought against it(...)

Accessing funds: The Court of Appeal last week upheld an judgment from the High Court that the cost of Setanta’s outstanding motor insurance claims should be met by the Motor Insurers Bureau of Ireland.

Heads you lose, tails you lose. This is the reality for Irish motorists from the collapse two years ago of Setanta Insurance, a company that was regis(...)

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