Costs of insurance likely to rise again: Experts

The retreat by Liberty Insurance from the British market with the loss of hundreds of jobs here — is another sign of the troubled times facing the Irish insurance industry, experts have said. The company is one of the big six players in the Irish market.

Analysts have warned that even more premium price hikes are on the way.

Liberty is the US giant which bought Sean’s Quinn broken Quinn Insurance in late 2011. Paying €200m, it completed the purchase of the State’s stake in Quinn only two years ago.