Quinn Insurance in administration

edited 30 November -1 at 1:00AM in N. Ireland
49 replies 6K views
spendaholiceejitspendaholiceejit Forumite
323 Posts
edited 30 November -1 at 1:00AM in N. Ireland
Just read this...
http://www.reuters.com/article/idUSLDE62T1GH20100330
Quinn has gone into administration. DH's car insurance is there so it will be interesting to see how things go.
«1345

Replies

  • belfastgirl23belfastgirl23 Forumite
    8K Posts
    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
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    Phew, nearly took my car insurance out with them a few weeks ago!
  • BigcammyBigcammy Forumite
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    Part of the Furniture 1,000 Posts Combo Breaker
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    See some more on this in the Car INsurance thread here --> http://forums.moneysavingexpert.com/showthread.html?t=239406&page=18
    Norn Iron Club Member No. 252 :beer:
  • seatzieseatzie Forumite
    762 Posts
    administrator says if you're insured with them carry on as normal
    Norn Iron Club Member #64


    Wikkity Wikkity Wikkity Lets go racing!
  • edited 30 March 2010 at 3:56PM
    ballyblackballyblack Forumite
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    edited 30 March 2010 at 3:56PM
    they are not taking one any new business in N.ireland & Uk but you are still insured until your policy expires

    "The regulator ordered the firm to stop writing new business in the UK, where it specialised in providing motor and professional indemnity insurance. A statement on its website says that anyone with an existing policy with the firm will not be affected and that its policies will remain valid.

    “The effect of this action is to prevent Quinn Insurance Limited suffering further financial losses from its currently unprofitable UK business,” the statement said"
  • steveympsteveymp Forumite
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    Looks like Sean's gravel pit was not bottomless after all:eek:

    Unfortunately I can see a lot of redundancies coming around Derrylin too, no company seems recession proof:( and since the core business is still construction related I am only surprised it hasn't happened sooner:o

    I feel for the 100's of employees that may be getting P45's soon:(
    I am trying, honest;) very trying according to my dear OH:rotfl:
  • AletankAletank Forumite
    564 Posts
    Part of the Furniture 500 Posts
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    My Girlfriends new policy (car) starts on 1st April and she has paid in full by credit card.
    What will happen/should she do ?
  • marmulmarmul Forumite
    12 Posts
    My son works in the Enniskillen branch, not looking too good for him :(
  • ChocoChoco Forumite
    271 Posts
    I have just beeen on with them as I only renewed kids car yesterday but they are advising existing insurance is okay they are not taking on new business
  • seatzieseatzie Forumite
    762 Posts
    we had a commercial quote from them in February, initially they were £9k less than anyone else!!!! so to read that their UK business is not profitable doesn't surprise me
    Norn Iron Club Member #64


    Wikkity Wikkity Wikkity Lets go racing!
  • tara747tara747 Forumite
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    marmul wrote: »
    My son works in the Enniskillen branch, not looking too good for him :(

    Have they said that there will be redundancies? I know a couple of people who work there but obviously wouldn't want to ask them outright...
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