Menu
01/12/2011
Quinn Insurance Jobs 'Secure'
Workers at the offices of Quinn Insurance has been told their future is secure with all the 1,500 jobs at the company retained
Liberty Mutual Group and the Anglo Irish Bank only recently completed the acquisition of Quinn Insurance, the company formerly owned by former billionaire, the - bankrupt Fermanagh businessman, Sean Quinn.
The new owners said that all existing Quinn Insurance employees and its insurance policies in the Irish Republic will transfer to a new Irish firm, which will trade under the name Liberty Insurance. Liberty and the state-owned lender Anglo Irish also have an option to acquire Quinn's UK business from administrator Grant Thornton over the next 12 months.
The company plans to rebrand under the Liberty name in the first three months of next year.
That's good news for the staff, as during the last 18 months, when the company was under administration, its business shrank by up to 40% and it was forced to make 900 staff redundant.
(BMcC/GK)
Liberty Mutual Group and the Anglo Irish Bank only recently completed the acquisition of Quinn Insurance, the company formerly owned by former billionaire, the - bankrupt Fermanagh businessman, Sean Quinn.
The new owners said that all existing Quinn Insurance employees and its insurance policies in the Irish Republic will transfer to a new Irish firm, which will trade under the name Liberty Insurance. Liberty and the state-owned lender Anglo Irish also have an option to acquire Quinn's UK business from administrator Grant Thornton over the next 12 months.
The company plans to rebrand under the Liberty name in the first three months of next year.
That's good news for the staff, as during the last 18 months, when the company was under administration, its business shrank by up to 40% and it was forced to make 900 staff redundant.
(BMcC/GK)
Related Northern Ireland News Stories
Click here for the latest headlines.
20 March 2024
New £575,000 Immersive Technologies Challenge Fund Announced
A new £575,000 Augment the City Challenge Fund has been announced to support innovation in immersive technologies. Led by Belfast City Council's City Innovation Office and funded by the Belfast Region City Deal, the fund will open in April 2024, to support local SMEs to explore the future role of immersive technologies in visitor experiences.
New £575,000 Immersive Technologies Challenge Fund Announced
A new £575,000 Augment the City Challenge Fund has been announced to support innovation in immersive technologies. Led by Belfast City Council's City Innovation Office and funded by the Belfast Region City Deal, the fund will open in April 2024, to support local SMEs to explore the future role of immersive technologies in visitor experiences.
19 March 2024
New Cost-Of-Living Support For NI Community Groups
New funding has been announced to support 287 Voluntary and Community organisations across Northern Ireland, funded through Department for Communities Voluntary & Community Division (V&CD) and Community Empowerment Division (CED).
New Cost-Of-Living Support For NI Community Groups
New funding has been announced to support 287 Voluntary and Community organisations across Northern Ireland, funded through Department for Communities Voluntary & Community Division (V&CD) and Community Empowerment Division (CED).
06 March 2024
New £9m Fund For New All-Island Bioeconomy Initiative
A new £9 million initiative has been announced to support the development of the all-island bioeconomy in the agriculture and marine sectors across Ireland.
New £9m Fund For New All-Island Bioeconomy Initiative
A new £9 million initiative has been announced to support the development of the all-island bioeconomy in the agriculture and marine sectors across Ireland.
14 February 2024
Health Minister Unveils New Women's Health Action Plan
Health Minister Robin Swann has unveiled a new Women's Health Action Plan, designed to "pave the way" for a longer-term comprehensive Women's Health Strategy.
Health Minister Unveils New Women's Health Action Plan
Health Minister Robin Swann has unveiled a new Women's Health Action Plan, designed to "pave the way" for a longer-term comprehensive Women's Health Strategy.
14 February 2024
Former City Centre Police Station To Become New 74-Bedroom Hotel
A former police station in Belfast city centre is to be redeveloped for a new 74-bedroom hotel. Belfast City Council's Planning Committee approved the development on Queen Street, along with granting Listed Building Consent to bring the building into use again.
Former City Centre Police Station To Become New 74-Bedroom Hotel
A former police station in Belfast city centre is to be redeveloped for a new 74-bedroom hotel. Belfast City Council's Planning Committee approved the development on Queen Street, along with granting Listed Building Consent to bring the building into use again.
-
Northern Ireland WeatherThis Evening and Tonight:Showers will gradually die out during the evening. A cold night with long clear spells leading to a touch of frost in places. Light winds. Minimum temperature 0 °C.
