Quinn relaunch suffers week delay
The relaunch of Quinn Insurance as Liberty Direct, due to take place on 7 November, has been postponed until 14 November due to complications with Quinn Group’s bondholders, according to reports.
The Irish Independent revealed that Quinn Insurance was now likely to conclude trading on 11 November ahead of the relaunch.
It added that a statement on the management team, headed by Pat O'Brien from Liberty Mutual, and the direction the company intended to take would be made at that time.
According to the article, the delay was thought to be a consequence of negotiations with bondholders of the Quinn Group, with Anglo Irish bank having been in discussions since early October. Signing the deal
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