Quinn insurance goes into administration

[jamei]

http://news.bbc.co.uk/1/hi/northern_ireland/8595018.stm

"Existing UK policyholders will not be affected by this decision as existing policies will remain valid. Customers can make claims in the normal way," the regulator said.

"The effect of this action is to prevent Quinn Insurance Limited suffering further financial losses from its currently unprofitable UK business."