Quinn Insurance sale 'put in jeopardy' by under-reporting of reserves

The sale of Quinn Insurance Ltd to the Liberty Mutual/Anglo Irish Bank joint venture was put in jeopardy as a result of under-reporting of reserves by QIL's employees, the High Court heard today.

Quinn Insurance sale 'put in jeopardy' by under-reporting of reserves

The sale of Quinn Insurance Ltd to the Liberty Mutual/Anglo Irish Bank joint venture was put in jeopardy as a result of under-reporting of reserves by QIL's employees, the High Court heard today.

The sale of insurance company to the joint venture was completed in late October/early November.

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