Courts / Dublin / Report

Insurer secures €1.19m judgement against former employee who stole client's money

Summary

In a High Court hearing on 13 December 2016, Canada Life Assurance (Ireland) Ltd secured a €1.199 million judgment against former tied agent Martin Reilly, aged 60. Reilly, who had worked for the insurer from 1997 to 2011, admitted in 2015 to 80 counts of stealing money from clients between 2002 and 2011. He had been jailed for four and a half years for the thefts, which amounted to over €832,000. The insurer's counsel, Cian Ferriter SC, presented the case without contest, arguing that Canada Life was entitled to damages for Reilly's fraudulent misrepresentation, breach of contract and deceit. The judgment was granted by Mr Justice Seamus Noonan, recognising the insurer's right to recover compensation for the defrauded clients and the additional costs incurred from investigating Reilly's activities. Reilly was not present at the hearing and remains in custody at Shelton Abbey. The judgment confirms the insurer's claim for the full €1.199 million.

Who, what, where, when and why

What: Report matter: Insurer secures €1.19m judgement against former employee who stole client's money. Procedural stage: sentence

When:

• June 2015 Other
• November 2011 Other
• 2002 to 2011 Other
• 1997 until 2011 Other
• 2016-12-13 Publication

Case subjects

Places mentioned

Topics

Stage Sentence Theft

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Read the original CNI report