Although having had its troubles with the regulator in Ireland, Quinn Insurance is confident about its future in the UK and has big plans for the UK broker market.
This is in spite of being fined €3.25m (£2.7m) last October after breaches of regulatory requirements and its owner and chairman Sean Quinn facing a €200,000 personal penalty and forced to step down from the insurer’s board.
Colin Morgan, chief executive of Quinn Insurance, is to hold detailed talks with UK brokers next month, scheduling meetings with it’s broker partners in its London offices in early March.
Quinn is the second largest insurer in Ireland, having more than 700 broker agencies around the UK and is looking to increase it’s market share, particularly in comercial lines insurance.
Quinn-direct Insurance was established in Ireland in 1996 and has gained a reputation for offering value for money products and good customer service.
More than 1milllion customers hold a variety of general insurance products such as private and commercial motor insurance, motorcycle insurance & home insurance purchased through their purpose built call centres in Ireland and the UK, broker agents, and the company’s internet site which allows customers to obtain immediate cover online.
Consider These:“We are very optimistic about the UK market,” said Quinn Insurance commercial director Richard Stafford.
“Our focus for 2009 is to grow there.”
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