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Quinn Insurance Administration

Posted 01st April 2010

Where does this leave current policyholders?

The administrators have confirmed that customers of the insurer will continue to have their claims settled and there is no change to the validity of policies, however, no new policies will be issued or renewed meaning other competitors will take advantage of unexpected new business during this period. This statement applies to policies taken up in Ireland and the UK.

In Britain UK Quinn operates Quinn Direct selling UK car insurance, van, home, fleet and business policies. In recent years, the company had made a name selling competitor insurance to provisional and young drivers. Free breakdown assistance was also included for vehicles up to 15 years old.

The news of the downfall of this established company will send shockwaves around the already fragile financial community which will do nothing to calm the fears of this industry.

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