Setanta Insurance Company Limited Announcement
It is with sincere regret that we have to inform you that Setanta Insurance Company Limited has ceased writing new business and issuing further renewals with effect from close of business Friday 24 January 2014. The Company has appointed Heritage Insurance Management (Malta) Limited to undertake the run-off process and has advised the Malta Financial Services Authority accordingly.
Setanta Insurance Company Limited was established in 2007 and was authorised to write business in Ireland by the Malta Financial Services Authority on a freedom of services basis as provided for under the various European Insurance Directives. Setanta Insurance Company Limited is not subject to prudential regulation by the Central Bank of Ireland.
The offices of Setanta Insurance Services Limited in Dublin will remain open to handle all existing and any future claims arising from time on risk and also assist with any queries. Setanta Insurance Services Limited contact details remain the same and you can communicate with them in the usual way.
As indicated above, Setanta Insurance Company Limited will not be inviting renewal however it will maintain cover on all existing policies to expiry of their current term. Mid-term alterations on existing policies will be handled as normal.
Should you wish to take matters up beyond Setanta Insurance Services Limited or Setanta Insurance Company Limited, both the Malta Financial Services Authority on +356 2548 5700 and Heritage Insurance Management (Malta) Limited on +356 2248 9100 may be approached to assist and/or clarify any relevant matters.
Below please see a copy of the letter that Setanta Insurance have asked its Brokers to issue to their Customers who currently hold a policy with Setanta Insurance.
Setanta Insurance would like to extend our sincere thanks to our Brokers and Customers who have supported us over the last six years.