News: Quinn UK ban reversed
Quinn Insurance has been given permission to re-enter the UK market despite an earlier decision by the Irish regulator preventing it from writing new business in the country.
The Financial Regulator modified its previous stance to allow the Irish insurer to write motor insurance cover for provisional drivers. The regulator said it had taken the decision after analysing the information provided by Grant Thornton, Quinn's administrators, which detailed improvements made in the company's underwriting model and a strengthening of its pricing structure. Provisional insurance accounts for only 10% of Quinn's UK business.
In a statement, Quinn said: "While this is a limited
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