Quinn Insurance wrote to brokers outlining plans to grow its UK business days before the insurance group was banned from writing any new business there, according to reports this morning.
The Irish Independent has printed details of a letter sent by Quinn Insurance commercial director Richard Stafford to UK brokers on 25 March.
In it he claimed Quinn Insurance has "successfully developed and grown" its commercial book in the UK, having "diversified substantially" from its initial focus on construction to a range that covers "almost all industries".
Mr Stafford then detailed a strategy of reducing the number of brokers it dealt with so Quinn could "provide enhanced services, support and a competitive edge to those brokers who truly embrace the partnership model with Quinn Insurance".
"We have significant growth plans for our commercial book in the UK and feel there are many opportunities to exploit given the competitive premiums we can offer due to our efficient claims model and lower cost base when compared with our competitors," Mr Stafford added.
The Irish Independent added that the letter also detailed the recent relocation of Sean Quinn (Junior) to Quinn Insurance's London office, where he was placed to "support business development initiatives".
The newspaper also claimed Court documents show that the UK and Northern Ireland business generated premiums of €447m last year, about 42% of the total premiums generated by the insurance business.
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