Fears for 1,000 jobs at Quinn Insurance

MORE than 1,000 job losses are still anticipated at Quinn Insurance, despite the partial reopening of new business lines at its British operations diluting initial job loss estimates.

The British and Northern Irish division makes up around 50% of Quinn Insurance’s business and this week’s partial re-opening of business (for motor insurance for provisional driving licence holders) only accounts for about 10% of that business.

Brian Storey, of Quinn Insurance’s employee committee, said yesterday that employees are “extremely frustrated” at what they see as the “indecision” of the Financial Regulator over the future of the British operation.