Quinn Insurance in administration

spendaholiceejit

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.

belfastgirl23

Phew, nearly took my car insurance out with them a few weeks ago!

Bigcammy

See some more on this in the Car INsurance thread here --> http://forums.moneysavingexpert.com/showthread.html?t=239406&page=18

seatzie

administrator says if you're insured with them carry on as normal

ballyblack

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"

steveymp

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:(

Aletank

My Girlfriends new policy (car) starts on 1st April and she has paid in full by credit card.
What will happen/should she do ?

marmul

My son works in the Enniskillen branch, not looking too good for him

Choco

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

seatzie

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

tara747

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...