Parent shores up Liberty with €25m injection

Boost for insurance firm after losses more than double

15th November, 2015

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 latest insurer to book substantial losses in Ireland as the cost of meeting claims rises.

So far this year FBD Holdings and RSA have also reported hefty losses.

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