for some this will mean; oh. feck. 
http://www.irishtimes.com/newspaper/breaking/2010/0330/breaking32.html
http://www.irishtimes.com/newspaper/breaking/2010/0330/breaking32.html
Quinn Insurance go bang
- Thread starter Ogmios
- Start date
happy pilgrim
Registered user
good, dealt with them twice on business insurance. absolute shite
gspizza
Registered user
for some this will mean; oh. feck.
http://www.irishtimes.com/newspaper/breaking/2010/0330/breaking32.html
Ohmygosh Ogmios
Jaws100
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Two vehicles insured with them rang the broker on the status ...they say its buisness as usual under the regulator as yet......"as yet" being the operative "word"
rang the broker on the status ...they say its buisness as usual under the regulator as yet......"as yet" being the operative "word"
Two vehicles insured with them
yes. you cant be just left stranded.
same happened when 'Independent' insewerance, carole nashes old underwriter went belly up.
there was an obligation to cover you.
but, to what degree and for how long....
the last time this happened, there was a sudden flurry of new MAG memberships....
richie
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If you find out Marc, let us all know;
I have the bike and house insured with Quinn, am still away and would like to ride asap when I get home....
Policy runs out in September....
I have the bike and house insured with Quinn, am still away and would like to ride asap when I get home....
Policy runs out in September....
Michaelk
Registered user
Quinn
Had a missed call from Quinn over the weekend regarding my healthcare policy.
I've just been on the phone to them, sorted out the issue, when I asked about the news, the guy in customer services didn't have any more details other than was in the news. He did say that we would still be covered.
Watch this space me thinks!
Had a missed call from Quinn over the weekend regarding my healthcare policy.
I've just been on the phone to them, sorted out the issue, when I asked about the news, the guy in customer services didn't have any more details other than was in the news. He did say that we would still be covered.
Watch this space me thinks!
Hatchet
Registered user
Just renewed my car policy with them 5 minutes ago.
I didn’t ask about their problems and they didn’t say anything.
From all reports in the news, existing policy holders will be covered and have nothing to worry about, state guaranteed and all that
.
.
I didn’t ask about their problems and they didn’t say anything.
From all reports in the news, existing policy holders will be covered and have nothing to worry about, state guaranteed and all that
..
the civil one
Registered user
From all reports in the news, existing policy holders will be covered and have nothing to worry about, state guaranteed and all that
.
Correct . This is More than Likely to kep wana the Seanies outa Jail .
Wont affect Mr Joseph Pub;ic Esq.
Good healthy Business,s , just a wee touche of turmoil.
The Wee Maun From Down the Road wey the Lorrie is No Dud.
more info
just a copy and paste - hope it's some help.
From here: http://www.financialregulator.ie/press-are...nInsurance.aspx
QUOTE
Statement on Quinn Insurance
Statement 30 March 2010
Following an application by the Financial Regulator, the High Court has today appointed joint provisional administrators to Quinn Insurance Limited. The Financial Regulator has taken this action in the interests of the firm’s policyholders.
Quinn Insurance Limited
Irish policyholders of Quinn Insurance Limited can continue to renew policies, carry out new business and make claims in the normal way.
The appointment of joint provisional administrators will better protect policyholders. It will allow the firm to remain open for business, to continue to be run as a going concern under different management and to put the business on a sound commercial and financial footing.
The Financial Regulator has an onsite presence in the firm to oversee its actions and to work with the new management. At the same time the Financial Regulator has commenced an investigation into certain matters within Quinn Insurance Limited that have very recently come to light.
Quinn Insurance Limited (UK)
In addition, the Financial Regulator has separately directed Quinn Insurance Limited to cease writing new business in the UK. Existing UK policyholders will not be affected by this decision as existing policies will remain valid. Customers can make claims in the normal way.
The effect of this action is to prevent Quinn Insurance Limited suffering further financial losses from its currently unprofitable UK business.
Quinn Life
These actions do not apply to the Quinn Life business, which is a separate entity. It is unaffected by these measures.
just a copy and paste - hope it's some help.
From here: http://www.financialregulator.ie/press-are...nInsurance.aspx
QUOTE
Statement on Quinn Insurance
Statement 30 March 2010
Following an application by the Financial Regulator, the High Court has today appointed joint provisional administrators to Quinn Insurance Limited. The Financial Regulator has taken this action in the interests of the firm’s policyholders.
Quinn Insurance Limited
Irish policyholders of Quinn Insurance Limited can continue to renew policies, carry out new business and make claims in the normal way.
The appointment of joint provisional administrators will better protect policyholders. It will allow the firm to remain open for business, to continue to be run as a going concern under different management and to put the business on a sound commercial and financial footing.
The Financial Regulator has an onsite presence in the firm to oversee its actions and to work with the new management. At the same time the Financial Regulator has commenced an investigation into certain matters within Quinn Insurance Limited that have very recently come to light.
Quinn Insurance Limited (UK)
In addition, the Financial Regulator has separately directed Quinn Insurance Limited to cease writing new business in the UK. Existing UK policyholders will not be affected by this decision as existing policies will remain valid. Customers can make claims in the normal way.
The effect of this action is to prevent Quinn Insurance Limited suffering further financial losses from its currently unprofitable UK business.
Quinn Life
These actions do not apply to the Quinn Life business, which is a separate entity. It is unaffected by these measures.
Remember P.M.P.A? Was it 1984? We are still paying an insurence levy all these years later. It would appear that there are similaritys ( I know that is spelt wrong ) to the old Joe Moore outfit. JJH
P.J.
Registered user
The Wee Maun From Down the Road wey the Lorrie is No Dud.[/QUOTE]
Is that so now?
Is that so now?
