Quinn insurance administrators change boards

THE administrators currently in charge of Quinn Insurance Ltd (QIL) and its various subsidiary companies have reorganised the boards of each business in accordance with their effective temporary taking over of the group, documents filed with the Companies Office show.

While the sale process surrounding QIL is ongoing — and being advised upon by merchant bank, Macquarie — the administrators have ensured that the interests of all QIL-related companies are fully protected.

That process has seen an orderly change in board membership to reflect the change in shareholding. Basically all relevant individuals (including Quinn family members) with a previously direct role in management have been replaced.