From Celtic Tiger to paper tiger?

The Irish insurance market is in dire straits: with too little competition, costs are going through the roof. Although company chiefs are adopting long-term recovery strategies, Marcus Alcock wonders whether the Celtic Tiger has lost its bite.

"I've talked to people who've been in insurance for 45 years, and all
agree that this is the worst market they've ever seen," says Jim Knowles,
a loss adjuster working in the Irish insurance

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