Who owns Quinn Insurance?

Liberty Mutual
Quinn Insurance was sold to Liberty Mutual. A 54 megawatt wind farm was sold to French investor Platina Partners for £100 million. The Quinn glass business was sold to Spanish group Vidrala for more than €400 million.

What happened the Quinn Group?

Sean Quinn and the Quinn family no longer have any role in the management, operations or ownership of the Quinn Group. Quinn was declared bankrupt on 11 November 2011 in Northern Ireland; this was annulled on appeal but he was declared bankrupt in the Republic of Ireland on 16 January 2012.

Why are Quinn executives targeted?

“The purpose of the attack seemed to be to scare him and threaten other executives to resign from the business,” he said. Mr McCaffrey revealed the attack took place the evening before a company board meeting was to discuss further investment in the business.

Who is behind Kevin Lunney attack?

Darren Redmond (27), of Caledon Road, Alan O’Brien (40) of Shelmalier Road, both in East Wall, Dublin, and a man who cannot be legally named, known as “YZ” (40), are alleged to have been directly involved in the abduction and attack.

Why did Quinn Insurance fail?

Quinn Insurance Limited collapsed into administration in early 2010 after the discovery of a massive financial hole in the firm’s accounts, estimated to be more than €800m. It was later sold to Liberty Insurance for €1.

Why was Sean Quinn jailed?

BROKE businessman Sean Quinn was released from Mountjoy Prison this morning after completing a nine-week sentence for contempt of court. He was sent to prison on November 2 after the High Court found him to be in contempt.

Who owns the Slieve Russell Hotel now?

The four-star Slieve Russell hotel, once owned by Sean Quinn, has returned to profit. Following the collapse of the Quinn empire, the Irish Bank Resolution Corporation (IBRC), formerly Anglo Irish Bank, assumed control of the Co Cavan in hotel, when a share receiver was appointed to run operations in April 2011.

How did Sean Quinn make his money?

More gravel-to-riches in his case – he began life in 1973 quarrying the stuff out of his family farm and selling it to local builders. From this he created Quinn Cement before his Quinn Group expanded into everything from building supplies to hotels, insurance to plastics.

Who is Luke O Reilly?

Luke O’Reilly, from Mullahoran Lower, Kilcogy, County Cavan, denies assisting the gang by buying bleach and providing the site where Mr Lunney was held. The 67-year-old defendant is one of four men on trial for the kidnapping at the non-jury Special Criminal Court in Dublin.

Why can’t YZ be named?

On 2 June 2021 the court ruled that it had jurisdiction to hear the trial. The man known as ‘YZ’ cannot be named because he is to face trial on unrelated matters.

How much did Sean Quinn lose?

In November 2012, he was jailed for three months for contempt of court, having allegedly engaged in asset stripping by arranging a payment of $500,000 to the general director of Quinn Properties Ukraine, just before losing control of the company. Sean Quinn went from being worth $6 billion to $0 in just four years.

When did Setanta insurance go bust?

Who was Setanta and what went wrong? Setanta Insurance was a company set up in Malta that traded in Ireland selling exclusively car insurance. It would appear that it ran into some trouble in 2013 and by 16 April 2014, it could no longer trade and went into liquidation.

Who is Sean Quinn and who is Kevin Lunney?

Quinn Group executive Kevin Lunney. Mr Lunney was appointed, alongside Liam McCaffrey and Dara O’Reilly, to run QIH in 2014 after elements of Seán Quinn’s business empire were bought by a group of Irish investors backed by three US hedge funds. The three US bondholder groups that backed the purchase are Brigade, Contrarian and Silver Point.

Why was Kevin Lunney abducted by Quinn Industrial Holdings?

In spite of Mr Quinn condemning the attacks, they have continued and the company has warned that if they don’t stop someone will be seriously injured or even killed. Mr Lunney’s abduction and beating has proved those fears are justified.

Who is the director of Quinn Industrial Holdings?

Posters marked “wanted” and branding Mr Lunney and other Quinn Industrial Holdings directors as “traitors” appeared last year in Derrylin, County Fermanagh, where the company is based. In February, Mr Lunney’s nose was broken in an alleged attack at a service station in County Cavan.

Where did Kevin Lunney work in Northern Ireland?

The Police Service of Northern Ireland (PSNI) said it wanted information about what it described as a “horrific attack”. It has asked anyone who saw a black Audi car being driven in Derrylin or Swanlinbar in County Cavan to contact detectives. Mr Lunney joined the Quinn business in 1995, working in its then newly-established insurance division.