Cheapest Car Insurance Northern Ireland

Q&A: Quinn Insurance developments Irish Times

30.03.10

CONOR POPE

What happened in the High Court today?   The Financial Regulator made and was granted an application to have joint provisional administrators appointed to Quinn Healthcare and Quinn Direct, which offers motor, home and business policies.

Is this move significant?   Very. Quinn Insurance is the second-biggest insurer operating in the Irish market. It has 19 per cent of the motor insurance market, 3 per cent of the property insurance market and 13 per cent of the public liability market. Quinn Healthcare has in the region of 400,000 customers and the companies employ almost 2,800 people in Ireland and the UK.

How has Quinn Insurance responded?   It described the court action as “deeply disappointing in the context of the continued profitability of the group which is currently in excess of €20 million per month” and expressed the belief that the issues

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