Sean Quinn returns with offshore insurance vehicle
Reports in the Irish press claim that Sean Quinn has acquired a Malta-based insurance licence.
The Irish Independent claims he is planning to open an underwriter named Q2 as a rival to his Quinn Insurance firm which is in administration and controlled by his former bankers, Anglo Irish Bank.
The newspaper reports the new venture will be headed up by Sean Quinn Jnr and former Quinn executive Dave Mackey; and that a number of former executives from the Quinn Group have been secretly working on the project for months.
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