Quinn loses half of clients since administration

Quinn Insurance has lost more than half of its customers since the company was placed into administration, the Irish Independent reports.

A lobby group that is objecting the sale of the insurer in High Court this week claims the number of policies fell from 800,000 on April last year - when Anglo Irish Bank took control of the Quinn Group - to 296,653 on September 16.

Concerned Irish Business, a 550-strong lobby group of Quinn supporters, want the deal to sell Quinn Insurance to Anglo Irish Bank and the US insurer Liberty Mutual suspended pending an inquiry.