Quinn administration hearing postponed
The full hearing of the Financial Regulator's action to put Quinn Insurance into full administration has been postponed.
It follows a report in the Irish Times that Quinn Insurance filed a lengthy affidavit this morning, which it will need time to consider.
According to other reports the hearing has been adjourned for a week.
Over the weekend, the regulator was preparing a more detailed case for the High Court today to confirm appointment of the joint administrators, stressing concerns about serious and persistent breaches of solvency rules by the firm, according to the Irish Times.
The regulator was expected to
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