Amount collected from policyholder levy rose 44%, compared with 2012 levels
Irish policyholders paid €65.7m (£54m) to cover the collapse of Quinn Insurance in 2013, up 44% on the €45.6m they paid in 2012, the Irish Independent reports.
Policyholders in Ireland have to pay a levy of 2% of premiums on home, motor and commercial policies to help cover the cost of the failed insurer.
Citing figures from Ireland’s finance minister Michael Noonan, the paper also said that a further €15m had been collected from policyholders so far in 2014, bringing the total levied so far to €126.3m.
Quinn’s failure has cost an estimated €1.6bn (£1.28bn).
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
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.
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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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