30/11/2011
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.
(BMcC)
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.
(BMcC)
Related Irish News Stories
Click here for the latest headlines.
15 April 2011
Sean Quinn Forced Out Of Insurance Firm
A leading Irish entrepreneur is to loose control of the insurance business he personally founded after it ran into financial problems. Sean Quinn and his family will no longer have any role in the management of the Quinn Group following a restructure.
Sean Quinn Forced Out Of Insurance Firm
A leading Irish entrepreneur is to loose control of the insurance business he personally founded after it ran into financial problems. Sean Quinn and his family will no longer have any role in the management of the Quinn Group following a restructure.
02 October 2012
Seán Quinn Jnr Appeal Launched
Ireland’s Supreme Court has begun hearing an appeal launched by Seán Quinn Jnr against his three month jail term. His lawyers have told the Supreme Court his indefinite imprisonment for contempt of court and failing to reverse an asset-stripping conspiracy is "incorrect and legally wrong".
Seán Quinn Jnr Appeal Launched
Ireland’s Supreme Court has begun hearing an appeal launched by Seán Quinn Jnr against his three month jail term. His lawyers have told the Supreme Court his indefinite imprisonment for contempt of court and failing to reverse an asset-stripping conspiracy is "incorrect and legally wrong".
16 November 2012
285 Jobs To Go At Liberty Insurance
285 staff of Liberty Insurance, the company which took over Quinn, are to be made redundant. The latest jobs cuts follow 900 redundancies made two years ago when Quinn was in administration.
285 Jobs To Go At Liberty Insurance
285 staff of Liberty Insurance, the company which took over Quinn, are to be made redundant. The latest jobs cuts follow 900 redundancies made two years ago when Quinn was in administration.
04 July 2017
Officials Carry Out Raids At Motor Insurance Companies
A series of raids have taken place across insurance companies, brokers and representative bodies in the motor industry.
Officials Carry Out Raids At Motor Insurance Companies
A series of raids have taken place across insurance companies, brokers and representative bodies in the motor industry.
23 October 2008
Insurance Premiums To Rise By 10%
A leading consultancy firm has said car owners should expect to see car insurance premiums jolt upwards by up to 10%. In their annual Motor Insurance Survey, Deloitte said nearly 90% of Irish motor insurance companies said that they expect to increase premiums in 2009.
Insurance Premiums To Rise By 10%
A leading consultancy firm has said car owners should expect to see car insurance premiums jolt upwards by up to 10%. In their annual Motor Insurance Survey, Deloitte said nearly 90% of Irish motor insurance companies said that they expect to increase premiums in 2009.
-
Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.