John Ellis (Fianna Fail)

I concur with Senator Wilson in his comments on Quinn Insurance. The Financial Regulator is removing the lifeblood from the company. His actions have not been in the interests of Quinn Insurance and its employees. When we met the administrators recently, they made it clear that their hands were tied by the regulator's failure to allow the company to write business it had been writing profitably in the United Kingdom. This decision was wrong.

This leads me to ask whether there is another agenda at work here. Are some of the large international insurance companies seeking an opportunity to take out a competitor?