Go back to the Europarl portal

Choisissez la langue de votre document :

  • bg - български
  • es - español
  • cs - čeština
  • da - dansk
  • de - Deutsch
  • et - eesti keel
  • el - ελληνικά
  • en - English (Selected)
  • fr - français
  • ga - Gaeilge
  • hr - hrvatski
  • it - italiano
  • lv - latviešu valoda
  • lt - lietuvių kalba
  • hu - magyar
  • mt - Malti
  • nl - Nederlands
  • pl - polski
  • pt - português
  • ro - română
  • sk - slovenčina
  • sl - slovenščina
  • fi - suomi
  • sv - svenska
Parliamentary questions
28 November 2014
E-009958-14
Question for written answer
to the Commission
Rule 130
Deirdre Clune (PPE)

 Subject:  Insurance cover
 Answer(s) 

Setanta Insurance went into liquidation in April 2014.

The insurer was licensed in Malta and regulated by the Maltese Financial Services Authority, but operated only in Ireland. It appears that the insurer had insufficient reserves to meet customers’ claims, and its collapse left 75 000 car owners without cover.

Could the Commission clarify how such a situation could arise and what steps can be taken to ensure that adequate supervision of insurance companies is established and that a company cannot operate without sufficient reserves?

Last updated: 9 December 2014Legal notice