Patrick O’Brien resigns as Liberty Insurance chief executive

Tom McIlduff to take helm at business formerly known as Quinn Insurance

Patrick O’Brien was appointed to oversee a restructuring and change in name from Quinn Insurance. Photograph: Bryan O’Brien

Patrick O’Brien was appointed to oversee a restructuring and change in name from Quinn Insurance. Photograph: Bryan O’Brien

 

Patrick O’Brien has resigned as chief executive of Liberty Insurance Ireland and will be replaced by Tom McIlduff, subject to the approval of the Central Bank of Ireland.

In a note issued yesterday to employees, the company’s Boston-based parent group said Mr McIlduff would “spearhead the next development phase of the company in Ireland”.

Liberty Insurance was formerly known as Quinn Insurance, having been founded by now bankrupt Northern Ireland businessman Seán Quinn. The US insurance group took control of the business three years ago, appointing Mr O’Brien to effect a restructuring and change in name.

Down native

Michal Kwiecinski

No comment was available from Mr O’Brien.

Liberty Insurance provides car and home insurance to the Irish and British consumer market along with insurance to the business sector in Ireland. The Irish business made a loss of €12 million last year.