Quinn administrators writes to brokers
Quinn Insurance will not renew UK policies unless it received written instructions to do so before 6 April, its administrators told brokers in a letter this week.
The letter, sent to UK brokers on 2 April, is the first sign that Quinn could be entering run-off in the UK with the insurer saying it would not even honour renewal quotations unless they had been accepted in writing.
“Existing policies with Quinn Insurance Limited with a renewal date up to and including Tuesday 6 April 2010 can be renewed, providing written renewal instructions have been received prior to 6 April 2010. Terms will not be offered on renewals past this date," the letter said.
Quinn Insurance has been placed in provisional administration pending a High Court hearing in Dublin on 12 April.
Read the full story in this week's issue of Insurance Times, out Thursday or click here to read it first online.
No comments yet