RSA and Axa named as potential bidders for Quinn, according to reports

irish flag

Dutch insurance giant Eureko, RSA and Axa have been named among the 20 or so predators circling the Quinn Insurance group, according to reports in Ireland.

It follows a report in the Sunday Indepedent that a proposed takeover of the Quinn Group by Anglo Irish Bank is "dead in the water".

The newspaper added Irish Life & Permanent and a group backed by Munich Re - fronted by former Vivas boss Oliver Tattan - are also in the running.

A source told the Sunday Independent: "Anglo is a deeply damaged brand. No regulator could allow it to take over Quinn."

Last week it was reported that Anglo Irish was prepared to provide €700m in cash for the Quinn

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