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.

The President of the High Court said today that he wishes to hear from the representatives of State's Insurance Compensation Fund before considering any application to allow Quinn Insurance group draw any of the €600m it claims it requires from that fund.

The High Court has granted Quinn Insurance and the administrators appointed to the group permission to retain the services of merchant bankers Macquarie Capital Europe to advise them in any prospective sale of the group.