Welcome to our Public Beta Site - What does this mean?
Dublin: 10 °C Wednesday 16 May, 2012

Irish Life agrees deal to buy Quinn Life Direct policies

File photo of the Irish Life building in Dublin.
File photo of the Irish Life building in Dublin.
Image: Julien Behal/PA Wire

IRISH LIFE Assurance has bought the majority of Quinn Life Direct’s life assurance and pension book which comprises 5,000 policies.

The full details of the deal have not been released.

In a statement, Irish Life said that it expects the sale to be completed by the end of this year, “subject to the receipt of all necessary regulatory and court approvals”.

Quinn Life Direct is to contact the relevant policyholders to inform them of the details of the proposed transfer of policies to Irish Life Assurance including the dates involved and the timeframe for the transfer’s implementation.

Irish Life says it will write to them following the proposed transfer.

Read Next:

Comments (12 Comments)

  • HELLO SPRUIKER 21/02/12 #
    Report this comment

    That’s just great

    We’are all back to the good old days of an extortionate, crony, dysfunctional, noncompetitive
    financial and insurance sector in the ”Republic”
    now that the vested interests have cunningly put the competition out of business.

    Reply
    • Jack Eagle 21/02/12 #
      Report this comment

      What shite are you talking about, the only people to put Quinn out of business were the Quinn family themselves. They took a gamble on Anglo which everyone else is paying for now!!

    • HELLO SPRUIKER 21/02/12 #
      Report this comment

      Ohh.
      Sorry Jack

      We’are all back to the good old days of an extortionate, crony, dysfunctional, noncompetitive
      financial and insurance sector in the ”Republic”
      now that the vested interests ”HAVEN’T” cunningly put the competition out of business.

      Let me know if that sounds better for you.

    • SMcB 21/02/12 #
      Report this comment

      I guess you don’t understand CFD investments so well. What happened today is a DIRECT consequence of bad investments on the part of SQ and his family.

    • HELLO SPRUIKER 21/02/12 #
      Report this comment

      Ohh.
      Sorry SMcB
      We’are all back to the good old days of an extortionate, crony, dysfunctional, noncompetitive
      financial and insurance sector in the ”Republic”
      now that the vested interests ”HAVEN’T” cunningly put the competition out of business
      and surely it was those damn CFD’s in that well audited, compliant, squeaky clean, Anglo Irish Bank that did it.
      Sure didn’t our brave Financial Regulator and honourable Taoiseach play golf with Anglo’s fine chiefs.
      Pardon me.

    • SMcB 21/02/12 #
      Report this comment

      In other words you’re absolving SQ and his family of any blame. Well done. Pick yourself up a Darwin award.

    • HELLO SPRUIKER 22/02/12 #
      Report this comment

      That’s your opinion SMcB.

    • Patricia Gilheany 22/02/12 #
      Report this comment

      The Quinn bashers might learn the true facts if they log on to
      http://quinn-anglo-story.blogspot.com/

      But then again, pigs might fly. What can one expect from an ass but a kick.

    • Patricia Gilheany 22/02/12 #
      Report this comment

      And exactly how much will the taxpayers benefit from this sale? I think we all know the answer to that.

  • Inda Kinny 21/02/12 #
    Report this comment

    5000 policies isn’t that many.

    Reply
  • CMD 22/02/12 #
    Report this comment

    Any idea what’s happening to the jobs of the Quinn life staff most if not all based in Cavan?

    Reply
  • 23/02/12 #
    Report this comment

    Would Irish Life care to the right thing for the “widows and orphans” of Ireland? Further details by searching in Google for “William Fagan Director of Consumer Affairs”

    Cheers

    The Common Informer who failed in maths at school.

    Reply

Add New Comment