Quinn hopes to re-enter UK commercial market, administrators say
Sean Quinn has quit the board of Quinn Group to avoid any potential conflict of interest with the proposed sale of Quinn Insurance. He said: “I want to concentrate on Quinn family interests outside of the group and bring all outstanding matters to a satisfactory conclusion in that regard.”
If Anglo Irish Bank succeeds in a takeover of Quinn Insurance, it will leave Sean Quinn owning 5%-10% of the group. Quinn’s administrators this week confirmed that Quinn is targeting a re-entry into the UK commercial market.