EC approves €700m package for Quinn Insurance restructuring

The European Commission has approved a €700m package provided by the Irish Insurance Compensation Fund for for the restructuring of Quinn Insurance.

Wed, 12 Oct, 2011 - 13:33

The European Commission has approved a €700m package provided by the Irish Insurance Compensation Fund for for the restructuring of Quinn Insurance.

As part of the deal, the profitable parts of Quinn Insurance are being sold to US Insurer Liberty Mutual and Anglo Irish Bank.

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CourtsBusinessQuinn InsurancePlace: DublinPerson: Ruth DeasyOrganisation: ECOrganisation: Quinn InsuranceOrganisation: European CommissionOrganisation: US Insurer Liberty MutualOrganisation: Anglo Irish BankOrganisation: EU
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