Quinn Direct profits surge 39% to €89m

QUINN Direct has reported pre-tax profits of €89m for the first half of 2005, an increase of nearly 39% on the same period last year.

The company now has 300,000 clients on its books and is expanding in Britain, which has been targeted as a second major market for the general insurance operator.

It started selling car insurance there at the start of this year and is also active in the commercial insurance market.