Quinn Insurance restructures board

Quinn Insurance has confirmed it has carried out a restructuring of its board.

The Irish insurer said the move was "part of a process to ensure that Quinn Insurance implements corporate governance structures that are more independent of the wider Quinn Group and which resemble those of a publicly listed company."

Tony McCusker is joining the company as a non-executive director to complement its increasing presence in Northern Ireland and the UK. McCusker enjoyed a very successful career in the Northern Ireland Civil Service including the positions of director of the office of the first and deputy first minister and head of policy group, department of agriculture and rural development.

Quinn said that in order to ensure that the board has a majority of independent non-executive directors Richard Stafford and Shane Morrison have stepped down from the board but retain their senior executive positions in Quinn Insurance. Stafford continues in his role as commercial director and Shane Morrison continues in his role as financial planning director and company secretary.

Liam McCaffrey (quinn group chief executive) and Kevin Lunney (quinn group development director) have also stepped down from the board of Quinn Insurance to focus on their senior executive roles in Quinn Group.

The board of Quinn Insurance now consists of Jim Quigley (non-executive chairman), Colin Morgan (chief executive), Brendan Moran (finance director), Sean Quinn Jnr (operations director), Paddy Mullarkey (non-executive), Vincent Clancy (non-executive) and Tony McCusker (non-executive).