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Saturday 25 March 2017

Quinn loses half of its clients

Maeve Sheehan

Maeve Sheehan

QUINN Insurance has lost more than half of its customers since the company was placed into administration, according to a lobby group that will object the sale of the insurer in High Court this week.

They say the number of policies had fallen from 800,000 on April last year -- when Anglo Irish Bank took control of the Quinn Group -- to 296,653 on September 16.

The claims are made by Concerned Irish Business, a 550-strong lobby group of Quinn supporters. They want to suspend the deal to sell Quinn Insurance to Anglo Irish Bank and the US insurer Liberty Mutual pending an inquiry.

Meanwhile, Sinn Fein TD Caomhghin O Caolain has revealed the existence of a tape in which an administrator tells Quinn staff the family would "never have any involvement in this insurance company again".

Sunday Independent

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