Regulator in UK was concerned by Quinn

The financial regulator in Britain contacted the Central Bank over 2008 and 2009 because it was concerned about the way Quinn Insurance was underwriting business in the UK.

The Central Bank questioned Quinn Insurance about these concerns, but did not follow up with any further measures.

“We acted on the advice and concerns of the FSA (Financial Services Authority) but they did not provide us with any specific data. We asked Quinn insurance questions but we could not find any evidence to proceed,” the head of general insurance supervision at the Central Bank, Domhnall Cullinan, told the Oireachtas finance committee yesterday.