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Kevin Lunney tells court man 'scored QIH down my stomach with Stanley knife'


 
Quinn Industrial Holdings (QIH) director Kevin Lunney feared that nobody would come to help as he dragged himself along a country road, shivering from the cold, with a broken leg, knife wounds to his chest, and blood dripping from his face, the Special Criminal Court has heard.
Mr Lunney (52) had been stripped to his boxer shorts before his attackers abandoned him on the side of a dark country road at about 9pm on a September night in 2019.
Giving evidence at the trial of four men accused of falsely imprisoning him and causing him serious harm, Mr Lunney said he dragged himself using just his left arm and left leg to a larger road, hoping a passerby would help. ....

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Paul McCann to join Ergo as chief executive


Paul McCann to join Ergo as chief executive
The former managing partner of Grant Thornton will join Ergo later this year when his role as interim chief financial officer at Permanent TSB concludes
13th May, 2021
Paul McCann was managing partner of big four accountancy firm Grant Thornton for five years until the end of 2017
Paul McCann, the former managing partner of Grant Thornton and well known restructuring expert, is to join Ergo as its chief executive.
McCann has been involved in some of the country’s most high profile corporate events including the administration of Quinn Insurance, the receivership of assets linked to businessman Harry Crosbie and the liquidation of Johnny Ronan and Richard Barrett’s Treasury Holdings. ....

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Insurers told to prepare recovery plans within 12 months


Insurers told to prepare recovery plans within 12 months
Central Bank is copying some aspects of rules brought in for euro-zone banks
about 4 hours ago
 
Irish-regulated insurers have been ordered by the Central Bank to prepare recovery plans within the next year for the unlikely event that they run into financial trouble, as the regulator seeks to copy some aspects of rules brought in for euro-zone banks in the wake of the financial crisis.
Insurers must have their plans completed by the end of March 2022 and update their blueprints at least every 12 months, according to the regulator.
“This regulation is an important step forward in strengthening the risk-management frameworks of insurance firms and should reduce the probability of (re)insurers failing and the impact of such failures,” said Domhnall Cullinan, director of insurance supervision at the Central Bank. ....

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