Review looking at relationship between Anglo Irish Bank and Quinn Group
A "forensic review” of financial results and guarantees within the Quinn Group is at an advanced stage, The Irish Times has reported today.
Ernst & Young was appointed in December to conduct the review.
Sources told the newspaper that Ernst & Young has made “substantial progress on the review, which was requested as part of a refinancing of the €1.28bn of debt which fell due last October.”
Anglo Irish Bank and insurer Liberty Mutual are understood to have submitted a joint bid for Quinn Insurance. The bank is owed €2.8bn in loans by the Quinn family.
A preferred bidder for Quinn Insurance is expected to be named in the coming weeks. Zurich has also been linked with the takeover.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
No comments yet