Quinn Insurance Jobs 'Secure'

Quinn Insurance has said the future of the 1,500 jobs at the company will be secure.

Liberty Mutual Group and the Anglo Irish Bank only recently completed the acquisition of Quinn Insurance, the company formerly owned by former billionaire, the - bankrupt Fermanagh businessman, Sean Quinn.

The new owners said that all existing Quinn Insurance employees and its insurance policies in the Irish Republic will transfer to a new Irish firm, which will trade under the name Liberty Insurance. Liberty and the state-owned lender Anglo Irish also have an option to acquire Quinn's UK business from administrator Grant Thornton over the next 12 months.

The company plans to rebrand under the Liberty name in the first three months of next year.

That's good news for the staff, as during the last 18 months, when the company was under administration, its business shrank by up to 40% and it was forced to make 900 staff redundant.


Related Irish News Stories
Click here for the latest headlines.

26 March 2024
Casement Park Redevelopment 'Must Be Delivered'
The redevelopment of Casement Park "must be delivered", SDLP leader, Colum Eastwood, has said following a meeting with an Ulster GAA delegation at Stormont.
26 March 2024
Environmental Report Highlights 'Failure To Act'
A new environmental report highlights Northern Ireland's failure to act on protecting its environment, Alliance's Environment spokesperson John Blair MLA has said.
21 March 2024
BCC Unveils Refreshed Strategic Plan For Belfast City Centre
New plans to support the most vulnerable in Belfast while growing the economy, regenerating neighbourhoods and achieving climate targets have been published in a refreshed strategic plan for the city. First published in 2017, the Belfast Agenda set out joint vision for the city up to 2035.
26 March 2024
New Manifesto To Transform NI's Credit Union Network
The Irish League of Credit Unions (ILCU) has launched a new policy manifesto to support the Northern Ireland Assembly in bringing about essential changes and recognising the essential role of credit unions within communities and the wider economy.
12 March 2024
Economy Minister To Promote NI In New York And Washington
Economy Minister, Conor Murphy, will highlight the benefits of Northern Ireland's business and economic opportunities during an official visit to New York and Washington DC.