Quinn family confident of plan

QUINN family representatives are confident that their development plan for Quinn Insurance will win out against a rival joint Anglo Irish Bank/Liberty Mutual bid, under the new government.

“We feel we do have a strong chance that our proposition could be considered after the change in Government and we feel that we will prevail,” a source close to the Quinn family said yesterday.

While international investment bank Macquarie — which is in control of the Quinn Insurance sale process — was expected to name a preferred bidder by the end of last month, the immediate future development of the insurance business has been put on ice until after the election and the formation of the new government.