The country’s second biggest health insurance company, Quinn Healthcare, has been sold.
In a statement, it was confirmed that a bid by senior management, backed by global insurer Swiss Re, had been successful.
The company said the deal secures the current employment of 334 people in Cork and reinforces competition in the market.
The company has almost 500,000 subscribers. the deal was announced to staff at a meeting this morning.
A new brand name will be launched over the coming months, but the company stressed there would be no change to the terms and conditions of customers’ cover.
Managing Director of Quinn Healthcare D