Job loss fears at Quinn Insurance

THE joint administrator of Quinn Insurance has written to staff announcing a business assessment which will almost certainly end in job losses.

In the communication, Michael McAteer said that, while administrators welcome the financial regulator’s decision to allow Quinn limited re-entry to the British market for provisional drivers, the company’s British business will be reduced significantly compared to levels prior to administration.

“It is likely that our customers’ understanding of the administration process will impact some of the ROI business lines,” he said.