Press release
Minister D’Arcy on official visit to Cork for series of Financial Services and Insurance engagements
Published on
Last updated on
Published on
Last updated on
Minister of State at the Department of Finance, Michael D’Arcy TD is in Cork today (Monday) for a series of official engagements in his capacity as Minister for Financial Services and Insurance.
Minister D’Arcy will meet with financial services companies and host a roundtable discussion with Cork Chamber to discuss developments in the international financial services sector. The Minister will also visit the Financial Services Innovation Centre at UCC.
Later today, as part of a series of regional insurance engagements, Minister D’Arcy will host a meeting in Cork City to update Cork businesses on the Government’s work to address the cost of insurance. The meeting will be attended by local businesses, public representatives and business groups.
Speaking ahead of the visit, Minister D’Arcy said
“Cork is a well-established location for foreign direct investment and has led the way in achieving a critical mass of financial services companies. In delivering the Government’s 5 year strategy for International Financial Services, I placed particular emphasis on the growth of the sector in the regions. Over 30% of the jobs in the IFS sector are now located outside of Dublin. I look forward to further supporting Cork and replicating its model in other regional hubs across the country.”
In relation to the meeting on insurance, Minister D’Arcy said:
“These regional meetings provide an important opportunity for me to hear first-hand from local businesses across the country, about the issues they face in obtaining insurance. I am aware of the considerable impact that the cost of insurance has on businesses and acknowledge that some premiums are very difficult to justify. The Government has prioritised work to address rising costs for individuals and businesses, and as Chair of the Cost of Insurance Working Group, I can confirm that significant efforts are being made to address many of the issues in the sector which will ultimately lead to a more stable insurance market.”
ENDS
Notes to Editors:
The regional meeting on insurance will take place at the Republic of Work, on South Mall, Cork at 18:30.