Quinn insurance owners confident of growth but warn that prices will rise

THE new owners of Quinn Insurance (QIL) have expressed confidence in the company’s growth prospects, but indicated the firm will no longer be the cheapest player in the Irish market.

Liberty Mutual’s chief executive, Ted Kelly, and president, David Long, held “positive” meetings with Quinn staff this week.

A joint venture of Liberty and Anglo Irish Bank last week formally agreed to take over the Irish assets of QIL.