Quinn Group rejects 'black hole' claims

The Quinn Group today rejected claims it was facing a €700m black hole and insisted its insurance wing needed only up to €150m to get back on a sure footing.

Quinn Group rejects 'black hole' claims
Fri, 09 Apr, 2010 - 17:16

The Quinn Group today rejected claims it was facing a €700m black hole and insisted its insurance wing needed only up to €150m to get back on a sure footing.

Amid reports of a potential takeover of Quinn Insurance Limited (QIL) by Ireland’s nationalised Anglo Irish Bank, the multi-national dismissed claims it bent the rules to suit its own interests.

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