Administrators ‘not looking for quick sale of company’

THE administrators put in charge of Quinn Insurance will not be seeking a quick sale of the company.

Paul McCann and Michael McAteer of Grant Thornton were appointed administrators to the country’s second largest insurance provider, following a High Court application made by the Financial Regulator over concerns about how the business was being run.

Asked about the expected timeframe for Quinn to be under administration, Mr McCann said it was “difficult to say, but “it will take some time” – adding that himself and Mr McAteer were meeting with the company’s management to understand the business.