Quinn deal could pay off despite levy hike
Published 16/04/2011 | 05:00
NO-one likes paying extra charges, particularly in times like these, so news that the sale of Quinn Insurance could trigger yet another levy is likely to go down like a lead balloon.
The reality, though, is that things could have turned out an awful lot worse.
Under the deal being drawn up by Anglo Irish Bank and US insurance giant Liberty Mutual, the bulk of Quinn Insurance's outstanding claims will be taken over by the insurer's new owners.