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New move for Quinn?

CANADA Life Ireland has appointed former VHI chief Vincent Sheridan, right, as a non-executive director.

They may call on Mr Sheridan's expertise if the company pursues its bid for Quinn Healthcare.

It is understood that the bid is still "active".

Mr Sheridan was first approached to take the top job at VHI in 2001 after a successful tenure with Norwich Union where he took the investment business back from Britain and also set up a building society.