Judge wants to hear from insurance fund

THE president of the High Court said he wishes to hear from representatives of the state’s Insurance Compensation Fund before considering any application to allow Quinn Insurance group draw on that fund.

In addition, Mr Justice Nicholas Kearns yesterday said he wanted an independent review of the fees sought by the merchant bankers, Macquarie Capital Europe, for their handling of the proposed sale of Quinn Insurance to a joint venture involving Anglo Irish Bank and US insurance giant, Liberty Mutual.

The joint administrators of Quinn Insurance, Michael McAteer and Paul McCann of Grant Thornton, presented their seventh interim report since the Financial Regulator put the insurer into administration.