Sep 24, 2004

QUINN-direct Insurance, a key player in the Irish insurance business, is investing almost £8 million to establish a new centre in Enniskillen to service its growing and successful insurance business,” Ian Pearson, MP, Minister with responsibility for Enterprise, Trade and Investment announced today.

This mobile investment project, supported by Invest Northern Ireland, is expected to provide employment opportunities for around 350 people by 2006 in a new facility to be located in Enniskillen.

The centre will carry out a comprehensive range of activities relating to the company’s suite of insurance products.

Announcing the investment the Minister said: “This significant investment is a tremendously important development for Enniskillen, and will make a valuable economic contribution to the area.

“QUINN-direct Insurance will be putting in place leading-edge e-commerce capability which will support efforts by Invest NI, the Council and other key stakeholders to diversify the local economy and to promote knowledge-led industries including internet-focused activities.

“The investment, which will offer a large number of people in the area the opportunity to apply for jobs and acquire transferable skills represents a
further and very substantial endorsement of the county as an attractive business location.”

QUINN-direct Insurance is part of the Quinn Group, a Republic of Ireland owned company, which, since its launch in 1996, has grown rapidly and now has more than 130,000 policyholders.

“The Quinn Group is a role model of the entrepreneurship and commitment to innovation which Invest NI is seeking to nurture through its new Accelerating Entrepreneurship strategy,” added Ian Pearson.

“In line with its Principles for Business Support Invest NI’s client and sectoral teams will continue to work closely with QUINN-direct Insurance to devise business solutions tailored to its specific plans for business growth.”

Sean Quinn, Chief Executive of Quinn Group commented: “The project objective is to increase our geographic and product segment share. QUINN-direct currently holds a 9% share of the ROI insurance market and 6% of the Northern Ireland market.

“We have invested heavily in business processes, which allows us to minimise costs and makes us very competitive. This approach has been the critical driver of growth in the business.

“We chose to set up in Enniskillen because of the unrivalled telecommunications infrastructure we can access in the area, the availability of a well-educated workforce, the quality of which the Quinn Group has already experienced and benefited from and the wide-ranging support offered by Invest NI,” he said.

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