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16/04/2010
Quinn Workers Future 'Priority'
There have been further calls from Northern politicians to re-open Quinn Insurance for normal trading.
SDLP MLA for Fermanagh and South Tyrone, Tommy Gallagher said the retention of the 600 jobs at Enniskillen has to be the top priority regardless of who is in control of Quinn Insurance.
He was speaking as the administrators of Quinn Insurance presented proposals to the Irish financial regulator aimed at reopening parts of the firm's UK arm.
"The NI Executive needs to immediately commence an all-out initiative with two aims - to have access to the UK insurance market reopened - and to secure the jobs in Enniskillen regardless of whose hands the company is in," Mr Gallagher commented.
Meanwhile, the SDLP Fermanagh and South Tyrone candidate for the Westminster General Election, Fearghal McKinney has also commented.
He said it is positive that Quinn Insurance, the Financial Regulator and the company workforce are all agreed on the immediate way forward.
He remarked as the regulator said it would give proposals to re-start business "prompt consideration".
"The important thing is that Quinn Insurance has withdrawn its objections to administration.
"The employees recognise the inevitability of this move given the problems the company faces.
''In many ways the biggest threat to jobs came from the uncertainty of recent weeks," he said, yesterday.
"The judge in the High Court summed up the role of the administrator: to conduct Quinn Insurance as a going concern with a view to placing it on a sound commercial footing.
"There are now clear lines of responsibility for the company's future and the business case for resuming activities in Northern Ireland and Great Britain can be more easily made."
(BMcC/GK)
SDLP MLA for Fermanagh and South Tyrone, Tommy Gallagher said the retention of the 600 jobs at Enniskillen has to be the top priority regardless of who is in control of Quinn Insurance.
He was speaking as the administrators of Quinn Insurance presented proposals to the Irish financial regulator aimed at reopening parts of the firm's UK arm.
"The NI Executive needs to immediately commence an all-out initiative with two aims - to have access to the UK insurance market reopened - and to secure the jobs in Enniskillen regardless of whose hands the company is in," Mr Gallagher commented.
Meanwhile, the SDLP Fermanagh and South Tyrone candidate for the Westminster General Election, Fearghal McKinney has also commented.
He said it is positive that Quinn Insurance, the Financial Regulator and the company workforce are all agreed on the immediate way forward.
He remarked as the regulator said it would give proposals to re-start business "prompt consideration".
"The important thing is that Quinn Insurance has withdrawn its objections to administration.
"The employees recognise the inevitability of this move given the problems the company faces.
''In many ways the biggest threat to jobs came from the uncertainty of recent weeks," he said, yesterday.
"The judge in the High Court summed up the role of the administrator: to conduct Quinn Insurance as a going concern with a view to placing it on a sound commercial footing.
"There are now clear lines of responsibility for the company's future and the business case for resuming activities in Northern Ireland and Great Britain can be more easily made."
(BMcC/GK)
Related Irish News Stories
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31 March 2010
Quinn Insurance Taken Into Receivership
A multi-million pound Irish business that began in 1973 as a small gravel pit on the Quinn family farm in the border county of Fermanagh is in trouble. There was widespread shock and concern yesterday at news that the Quinn Insurance Group has been put into administration by the High Court in Dublin.
Quinn Insurance Taken Into Receivership
A multi-million pound Irish business that began in 1973 as a small gravel pit on the Quinn family farm in the border county of Fermanagh is in trouble. There was widespread shock and concern yesterday at news that the Quinn Insurance Group has been put into administration by the High Court in Dublin.
09 April 2010
Garda May Be Called To Quinn Group
The Quinn Insurance saga has taken another twist with a possibility the case may be referred to the Irish police, An Garda Siochana. There have been allegations that the company is some €100 million 'short' to cover its insurance policies.
Garda May Be Called To Quinn Group
The Quinn Insurance saga has taken another twist with a possibility the case may be referred to the Irish police, An Garda Siochana. There have been allegations that the company is some €100 million 'short' to cover its insurance policies.
15 April 2011
Sean Quinn Forced Out Of Insurance Firm
A leading Irish entrepreneur is to loose control of the insurance business he personally founded after it ran into financial problems. Sean Quinn and his family will no longer have any role in the management of the Quinn Group following a restructure.
Sean Quinn Forced Out Of Insurance Firm
A leading Irish entrepreneur is to loose control of the insurance business he personally founded after it ran into financial problems. Sean Quinn and his family will no longer have any role in the management of the Quinn Group following a restructure.
02 October 2012
Seán Quinn Jnr Appeal Launched
Ireland’s Supreme Court has begun hearing an appeal launched by Seán Quinn Jnr against his three month jail term. His lawyers have told the Supreme Court his indefinite imprisonment for contempt of court and failing to reverse an asset-stripping conspiracy is "incorrect and legally wrong".
Seán Quinn Jnr Appeal Launched
Ireland’s Supreme Court has begun hearing an appeal launched by Seán Quinn Jnr against his three month jail term. His lawyers have told the Supreme Court his indefinite imprisonment for contempt of court and failing to reverse an asset-stripping conspiracy is "incorrect and legally wrong".
12 April 2010
Quinn Group Goes Into Administration
Despite resistance from the company's owner and a weekend of lengthy talks, the Financial Regulator has moved to place Quinn Insurance into full administration today. The company has maintained throughout the past week that it has been in a profitable position and had sufficient cash resources.
Quinn Group Goes Into Administration
Despite resistance from the company's owner and a weekend of lengthy talks, the Financial Regulator has moved to place Quinn Insurance into full administration today. The company has maintained throughout the past week that it has been in a profitable position and had sufficient cash resources.
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Ireland WeatherToday:Showers today, occasional north and west of Lough Neagh, but only a few isolated light outbreaks expected for Belfast and county Down where the best of the winter sunshine is expected. West to northwest winds brisk around the coasts. Maximum temperature 10 °C.Tonight:Showers focused across northern areas of the Province, with most in the south staying dry, with a frost developing for many here. Northwest winds fresh around the coasts. Minimum temperature 0 °C.
