Sean Quinn's Q2 has no licence in Malta


Contrary to earlier reports, MFSA chairman Joseph Bannister said that the regulator had received no application from Q2 and that there was no licenced insurer under the name of P Elliot & Co.

He confirmed that Cavan-based building firm P Elliot & Co had appiled for a licence in 2007 but said the firm then withdrew its licence in 2009 due to the economic downturn.

Q2 is not registered with Company House in Malta either, according to Mr Bannister.

"You cannot buy a licence in Malta. Any licence

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