DUBLIN (Reuters) – U.S. general insurer Liberty Mutual will rebrand Quinn Insurance as Liberty Insurance next year after completing its takeover of the Irish-based insurer on Monday.
“We are pleased with this acquisition as it enables us to enter the Irish market as the economy begins to recover,” David H. Long, Liberty Mutual's chief executive said in a statement.
Quinn Insurance, which has 275,000 customers, was put into administration last year after Ireland's financial regulator said it was not meeting solvency requirements.
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