David Lane, MD of Ecclesiastical Insurance Ireland (proudly part of the Benefact Group), tells The Irish Catholic podcast, Education Nation, why the company's unique ownership model means its profits go to charity — and why that matters for Catholic institutions

Most people regard paying an insurance premium as, in David Lane's words, a grudge purchase. Nobody wakes up in the morning delighted to be writing the cheque. But what if the company cashing that cheque was giving its distributable profits away? Not to shareholders, not to directors, but to charitable causes — over €250 million of them in the past decade alone.

That is the reality of Ecclesiastical Insurance, the specialist insurer whose Irish managing director sat down recently with the Education Nation podcast and its host Nicky Cuddihy, to explai ...