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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)
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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.
31 March 2010
Quinn Insurance Taken Into Receivership
A multi-million pound Irish business that began in 1973 as a small gravel pit on the Quinn family farm in the border county of Fermanagh is in trouble. There was widespread shock and concern yesterday at news that the Quinn Insurance Group has been put into administration by the High Court in Dublin.
Quinn Insurance Taken Into Receivership
A multi-million pound Irish business that began in 1973 as a small gravel pit on the Quinn family farm in the border county of Fermanagh is in trouble. There was widespread shock and concern yesterday at news that the Quinn Insurance Group has been put into administration by the High Court in Dublin.
09 April 2010
Garda May Be Called To Quinn Group
The Quinn Insurance saga has taken another twist with a possibility the case may be referred to the Irish police, An Garda Siochana. There have been allegations that the company is some €100 million 'short' to cover its insurance policies.
Garda May Be Called To Quinn Group
The Quinn Insurance saga has taken another twist with a possibility the case may be referred to the Irish police, An Garda Siochana. There have been allegations that the company is some €100 million 'short' to cover its insurance policies.
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.
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