Two former directors of Quinn Insurance Ltd (QIL) have lost a High Court challenge to a Central Bank inquiry into whether they participated in regulatory breaches before the firm collapsed.

The Supreme Court will give judgment next week on the Motor Insurers’ Bureau of Ireland’s appeal over decisions it is potentially liable for claims brought against collapsed insurer Setanta.

A seven-judge Supreme Court is hearing the Motor Insurers’ Bureau of Ireland’s appeal against decisions that it is potentially liable for claims brought against collapsed insurer Setanta.

The Motor Insurers’ Bureau of Ireland has lodged an appeal to the Supreme Court over the allocation of the liabilities of Setanta Insurance which collapsed in 2014.

The insurance fund into which policyholders have contributed hundreds of millions of euro made payments totalling €1.4bn to cover failed insurers over the last five years.

The Government looks set to defy calls to levy households to help those who have been unable to get flood insurance.

Consumers will be on the hook for the collapse of Quinn Insurance for close to another decade-and-a-half, despite already paying out more than €236m for its failure.

The Central Bank is to investigate suspected contraventions of insurance regulation by management of the former Quinn Insurance, which entered administration in 2010.

The cost of car insurance is rising dramatically and urgent action will be required to stem future steep increases, the AA, one of the country’s largest insurance brokers, has said.

The Taoiseach needs to belatedly intervene to stop the costs crisis that has sent car insurance premiums rocketing 35% in less than two years, the AA has said.

Irish insurers will have to set aside significantly more reserves to cover car crash, workplace injuries and other claims as compensation payouts surge, according to the industry’s regulator.

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.

A proposal for the transfer and sale to Catalina Insurance Ireland Ltd of 1.3m general insurance policies, held mainly by UK-based customers of Quinn Insurance Ltd (QIL) will go before the High Court for approval in June.

International insurance giant AIG has confirmed its continued investment in the Irish market via the acquisition of the country’s second largest health insurer, Laya Healthcare.

There is likely to be another hike in motor insurance premiums this year, by as much as 20%.

A deal has been agreed for the transfer of Quinn Insurance’s portfolio of UK and European legacy liabilities to a subsidiary of Bermuda-based Catalina Holdings.

The joint administrators of Quinn Insurance Limited (QIL) want the High Court to approve the transfer of 5,000 health policies to a subsidiary of one of the world’s biggest insurance providers Swiss Re.

US insurance giant Liberty Mutual has said that its Irish business is driving the group’s operations in Europe.

An estimated 40m documents are being collected for the action by the joint administrators of Quinn Insurance claiming €1bn damages against Price waterhouseCoopers, over alleged negligent auditing, the High Court has heard.

The Quinn family is planning on focusing its defence on what it says is the illegal means used by the liquidators of IBRC to obtain information alleging they hid hundreds of millions in assets.

The pressure on small business people to come up with money to insure their vans after the collapse of Setanta Insurance in Malta has reduced men to tears.

Up to 75,000 people have seen their insurance cover expire and lost their premiums as their provider, Setanta Insurance, has gone into liquidation in Malta.

Insurance policyholders last year paid out almost €66m arising from the special 2% levy imposed by Government to deal with the collapse of Quinn Insurance.

Accounting firm Grant Thornton received an additional €2.8m in fees last year bringing to €13m the amount the firm has received for acting as administrators to the Quinn Insurance group.

The former financial watchdog has said he was not alarmed when one-time billionaire tycoon Sean Quinn called personally at his office and mentioned he had a secret shareholding in Anglo Irish Bank.

A former Anglo Irish Bank board member was “horrified” when she discovered that businessman Seán Quinn controlled nearly a quarter of the bank’s shares.

Ireland’s once richest man Seán Quinn was facing regular demands for hundreds of millions of euro from late 2007 on in order to maintain his shareholding in Anglo Irish Bank.

Liberty Mutual has bought the remaining portion of the former Quinn Insurance and announced the creation of 150 jobs in Dublin.

An investigation is underway in Co Fermanagh after a truck was driven into a property owned by the former Quinn Group last night and set alight.

Cork could be in line for a significant jobs boost with the announcement that pharmaceutical multinational Eli Lilly is to spend €10m on new Cork offices, in a building capable of hosting hundreds of new shared financial services jobs.

The US insurance firm that assumed the former business of Quinn Insurance two years ago returned to profit last year.

The joint administrators of Quinn Insurance Ltd are suing the firm’s former auditors PriceWaterhouseCoopers for around €1bn over alleged negligent auditing of the company’s accounts over several years.

The administrators appointed to Quinn Insurance are suing the company's auditors Price WaterhouseCoopers for €1bn in damages.

The Central Bank has decided against fining Quinn Insurance Limited, not because the firm is innocent but because it is entirely reliant on funding from the insurance compensation fund.

The administrators of Quinn Insurance are taking steps aimed at securing an urgent hearing of their action against the group’s former auditors, Pricewaterhouse Cooper, the former auditors of the failed company.