Quinn Life
Hi RainyDay,
I posted in the original thread on this issue, and I don't think you've summarised it satisfactorily, I'm afraid.
Yes, Quinn Life is regulated in the same way as all other insurance companies, but it's a big step to conclude from this that it is no more or no less risky. All banks are regulated the same way, but they're not all equally risky. All regulation confirms is that a firm meets certain minimum standards.
Quinn Life is inherently riskier than most of the other operators in this market because of its small size and 'start-up' status, in my view. I got Brendan to agree last time that it was riskier than Ark Life, Lifetime, and Irish Life. This time I'll add AAA-rated Standard Life and AA-rated Canada Life and CGU to the list.
And I'll reiterate the point I made last time. This is not an effort to cast 'doomsday doubts' - that's precisely the minimum standard that regulation is designed to cover. But all financial firms comprise risks, no matter how well regulated. And Quinn is more risky than the others I've mentioned.