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.

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.