Irish insurer Quinn-direct is to expand its UK product range.
The insurer launched in England last September, when it opened an office in Manchester to sell employers' liability (EL) and public liability insurance.
Commercial director Trevor Shaw told Insurance Times that the company was close to announcing a new product, to be introduced before the end of the year. "We are aggressively looking at products we can introduce," he said.
Shaw said that in Ireland the company offered private motor, household, commercial vehicle and fleet cover as well as commercial liability.
"All aspects of our products are being looked at in terms of capacity in the UK market. We want to enter on a competitive footing, so we're two or three weeks away from being able to advise what it is. There are a number of items we are considering."
Shaw hit back at continued speculation over the legality of Quinn-direct's EL policies. "We have written a policy exclusively for the UK market. We have sent a copy to the Department for Work and Pensions and have not had a reply from them to say we are in breach."
A spokeswoman for the DWP said that legal advice was being taken on the changes.
Shaw also confirmed that Quinn-direct's UK policyholders would be protected by the Financial Services Compensation Scheme (FSCS). "We have been advised by the FSCS that we are covered. We have also been requested to provide premium income for our liability book in order to make a contribution to the fund."
