The Quinn group lost €852m in 2009, the company announced this morning.

The vast bulk of jobs at Quinn Insurance are to be saved after insurer Liberty Mutual and Anglo Irish Bank were chosen as the preferred bidders to take over the company.

THE Quinn family has said it is “committed” to paying off all the debt it owes and has never sought to have any of its debts written off.

The Central Bank and Financial Regulator have upheld their decision to stop Quinn Insurance Limited from restart writing commercial insurance in the UK.

Seventy-five Quinn Insurance jobs in Enniskillen have won a reprieve, it was revealed today.

It will not be necessary to invoke any involuntary compulsory redundancies at Quinn Insurance, it was announced today, following the receipt of applications for voluntary redundancy.

Beleaguered Quinn Insurance’s 2,400 workers were bracing themselves today for hundreds of job cuts despite the company being cleared to reopen some private motor business in the UK.

The Financial Regulator is to allow Quinn Insurance to resume some private motor business in the UK and the North, it was announced this evening.

The Quinn Group today rejected claims it was facing a €700m black hole and insisted its insurance wing needed only up to €150m to get back on a sure footing.

Quinn Group has said there is "no basis" for the speculation that its insurance business needs an injection of €700m.

THE Quinn Group late last night denied it needed €700m in cash to meet the solvency requirements of the financial regulator.

Workers at the beleaguered Quinn Group said today that they were confident the multinational's UK insurance wing would reopen for business this Friday.

Tycoon Sean Quinn today accused the Financial Regulator of getting its sums wrong amid claims his insurance division has a €448m black hole in its books.

Quinn Insurance customers were promised tonight their claims would be met despite the firm going into administration.

Ireland’s largest insurance firm was effectively in the control of the State today after the financial watchdog said it was gravely concerned about the company.

Parent company the Quinn Group criticised the regulator's request for an administrator to be appointed to Quinn Insurance today.

The High Court has today appointed joint provisional administrators to Quinn Insurance Limited, following an application by the Financial Regulator.

I REFER to the article “Merrill Lynch’s Irish arm fined €2.75m” (October 24) published in your business section. The article concerns the fine recently imposed upon Merrill Lynch by the Financial Regulator. The second paragraph of the article states: “The largest fine involved one of Ireland’s wealthiest businessmen Sean Quinn who was fined €3.25m over the sale of shares in Anglo Irish Bank, where he lost over €1 billion.”