News

Towergate Coverex

22 Apr 2010

Advice from Towergate Coverex for customers with Quinn Insurance policies

Maidstone based insurance broker Towergate Coverex today provided advice to customers who may be concerned about the validity of their insurance policies underwritten by Quinn Insurance.

This follows the Financial Regulator's decision to place Quinn Insurance into permanent administration on Thursday 14 April. Quinn has a sizeable number of UK customers particularly in indemnity, construction and fleet sectors, in addition to its direct motor arm for UK customers. Many of these customers may be concerned as to the security of their policies underwritten by Quinn Insurance and they will need to make alternative plans at renewal time in any event.

Mark Clayton, Managing Director of Towergate Coverex said, ‘Policies underwritten by Quinn Insurance should be legally valid following the Irish insurer falling into administration. However we have been contacted by many customers who remain naturally concerned about the impact the administration will have on their insurance and risk management programmes. In all cases customers should contact their insurance advisers.’

‘Quinn was not a preferred insurer of ours but we do recommend a number of financially robust and stable insurers on behalf of our customers. So we are ready and well positioned to provide professional advice to any local customer who may be concerned about the status of their current insurance arrangement particularly if their policy is due for renewal.’