News Analysis: Quinntessential downfall
Quinn insurance and the Quinn Group are going through a crisis, writes Andrew Tjaardstra.
Sean Quinn has built an expansive empire of companies in Ireland, the UK, Europe and beyond, but the credit crunch and poor investments have caught up with him. Despite only last year being reportedly worth billions, he failed to appear on the 2010 Sunday Times Rich List.
Quinn Insurance's attempts to fight off administration imposed on it by the Irish Financial Regulator failed and now two administrators - Michael McAteer and Paul McCann of Grant Thornton - are firmly in charge and have already
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