Quinn's UK commercial insurance ban stands
The Irish regulator and the Central Bank have confirmed an earlier decision that prevents Quinn Insurance writing commercial insurance in the UK.
A statement from the troubled Irish insurer said: “This decision does not affect Quinn’s consumer (private motor) business in the UK or its general insurance business including its existing commercial business in the Republic of Ireland. Settlement of claims on existing UK commercial business will continue as normal.”
The statement added that the insurer had submitted a number of proposals to the Central Bank and Financial Regulator for review but that it was concluded that the proposals
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