Quinn no closer to being sold off
Reports that Liberty Mutual, the fifth largest general insurer in the US, is interested in buying the insurance division of the Quinn Group have been confirmed. However, the company has not held any direct talks with QIL’s administrators, Grant Thornton, and won’t have the chance to do so for a number of weeks yet.
Liberty is merely the latest in a growing list of domestic and international insurance companies to have formally expressed an interest in QIL to its administrators. The only real development with Liberty, at this stage, is that it has boosted that list of interested parties to 48 in total.
