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Fri 09 Sep 2010Quinn Insurance recorded deficit of €788m last year
QUINN INSURANCE recorded a deficit of €788.4 million in unaudited accounts for 2009 that have been provided to the Financial Regulator.
This involved a trading loss of €127.5 million on its underwriting activities and exceptional costs of €677.6 million relating to the write down of certain non-core assets held by subsidiaries.
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