Parent shores up Liberty with €25m injection

Liberty Insurance’s parent company has invested a further €25 million in the business to bolster its capital and solvency levels after its losses more than doubled.

Liberty, which took over most of the insurance division of Quinn Group a number of years ago, reported a pre-tax loss of more than €27 million for 2014, up from €12 million in the previous year.

The company, owned by the US giant Liberty Mutual, is the ...