Administrators appointed to Quinn Insurance firms

Status
Not open for further replies.
I wouldnt be alarmed just yet, certainly did not see it coming though, Lets see how the Mgt, Policies and Procedures are restuctured first.
 
From rte news page:

The administrators will run only the general insurance businesss and Quinn's life insurance business remains unaffected.
 
Hi,
I have 75% of my savings (50K) invested in the Quin Freeway funds (Celtic, Euro and China). It is not a regular monthly contribution but just a couple of lump sums invested. In light of the current concerns about the motor and health insurance groups and more so the concern about the 3bn the overall quinn group owe to Anglo, should I consider moving some or all of these funds out of Quinn Life and invest in similar minded ETF's?

I know the Life insurance group is not affected by todays decision but would anyone here have concerns about the solvency of the overall Quinn Group?

Thanks in advance.
 
Status
Not open for further replies.
Back
Top