Quinn's administrators could use Irish fund cash

Quinn’s administrators will tap into the Insurance Compensation Fund in Ireland if reserves dry up, a letter seen by Insurance Times reveals.

In the letter to the Solicitors Regulation Authority (SRA), lawyers acting for the administrators say that the fund does not give preferential treatment to Irish policyholders.

In the letter, lawyers McCann Fitzgerald said the joint provisional administrators are entitled to apply to the High Court for access to the fund to carry on the insurance business.

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