Quinn: UK return is "important development"

Quinn Insurance says its limited re-entry in to the UK insurance market is an "important development" for the company.

The Irish insurer was reacting after the Financial Regulator yesterday relaxed its UK ban on Quinn, allowing it to recommence offering private motor insurance cover for provisional licence holders in the United Kingdom, including Northern Ireland.

A Quinn Insurance spokesman said: "While this is a limited re-entry to the UK market it is an important development for QIL as the UK market has been a core part of the business for the past five years.

"The company's business model of efficient operations, pro-active claims approach and a targeted approach to selective customer segments offers the opportunity of sustainable profitability."

The spokesman added: "The company would like to acknowledge the support of all stakeholders for their efforts over recent weeks as we seek to secure the future of our UK business."