Liberty enjoys pre-tax profit of €20.1m

The US insurance firm that assumed the former business of Quinn Insurance two years ago returned to profit last year.

Liberty Insurance, which assumed the former business of Quinn Insurance in partnership with the Irish Bank Resolution Corporation (IBRC) recorded pre-tax profits last year of €20.1m.

Boston-based Liberty was also the former sponsor of The Late Late Show. The deal was worth around €1m per year to RTÉ but the insurer opted not to renew the deal this year.