Bid to allay concerns after Quinn Insurance administration

QUINN Insurance policyholders have been told not to panic after administrators were appointed to Ireland’s second largest insurance company by the Financial Regulator.

The company was placed in administration following a High Court application from the regulator which is also undertaking an investigation into “certain matters that have very recently come to light”.

While the regulator declined to expand upon those matters, it is understood that they surround the overall solvency of the Quinn Group’s general insurance business – which includes the Quinn Healthcare and Quinn Direct brands.