Quinn Group a key player in Irish economy
Quinn Insurance employs almost 2,800 people in Ireland and the UK out of more than 8,000 workers in the wider Quinn Group across Europe.
Formed in 1973 by chairman Sean Quinn, its headquarters are in Derrylin, Co Fermanagh and the group is one of Ireland's most successful companies.
It has diversified into cement and concrete products, container glass, general and health insurance, radiators, plastics, hospitality and real estate.
Local SDLP representative Tommy Gallagher said: "Obviously the first thought in everyone's mind is whether there might be any implications for the wider Quinn Group, which employs a lot of people in Fermanagh and just over the border in Cavan and is a key player in the local economy.
"The Quinn family is held in very high regard in Fermanagh; in fact, they are local champions who have come far since they started out in the gravel business and yet retained the strongest links with the area.
"Everyone will want them to pull through this difficulty as soon as possible."