Buyout secures 330 jobs at insurer

THE future of over 330 jobs at the country’s second-biggest health insurance firm has been secured following a senior management-led buyout.

Sat, 24 Dec, 2011 - 00:00

Eoin English and Evelyn Ring

Quinn Healthcare confirmed yesterday that a bid by its four-person senior management team in Cork, backed by global reinsurance giant Swiss Re, had been successful.

Elips Life, a wholly- owned subsidiary of Swiss Re, will also be appointed as the underwriter.

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Courts Place: Cork Place: Ireland Person: Donal Clancy Person: Clancy Person: Health Minister Person: James Reilly Organisation: Quinn Healthcare Organisation: Swiss Re Organisation: Elips Life Organisation: Quinn Group Organisation: Anglo Irish Bank Organisation: Irish Bank Resolution Corporation Organisation: BUPA Organisation: BUPA Ireland Organisation: HSE Organisation: Dáil

<p>IFI is facing a Workplace Relations Commission case brought by former chief executive Francis O’Donnell (pictured), who alleges he was blackmailed by a sitting senator in relation to his suspension in 2002 of the brother of IFI’s former chair, Fintan Gorman.</p>

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Buyout secures 330 jobs at insurer

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Buyout secures 330 jobs at insurer

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