Quinn describes administration decision as "deeply disappointing"
As of today the Financial Regulator has placed Quinn Insurance into provisional administration.
In a statement Quinn said: "This is deeply disappointing in the context of the continued profitability of the group which is currently in excess of €20m per month.
"However, the Regulator has seen fit to take this action in the context of a perceived depreciation of the underlying assets of Quinn Insurance.
"We feel that this issue could have been resolved to the benefit of all in a relatively short space of time and we will be working with the Regulator and the provisional administrators to
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