Quinn Insurance bidder to be identified before end of month

The administrators of Quinn Insurance have informed the High Court that they hope to have identified a preferred bidder, that will purchase the group, by the end of the month.

The court was also informed in a report from the joint administrators Michael McAteer and Paul McCann, of Grant Thornton, that new directors have been appointed to the board of Quinn, that the insurer's performance in the UK market was better than expected and that Quinn no longer provided insurance to cover solicitors.