Quinn loss put at US$1.3bn

Having assiduously shunned personal publicity for most of his business career, Sean Quinn has been forced by the pace of events to respond to interest in his affairs

The nationalisation of Anglo Irish Bank has placed Sean Quinn, founder of the very successful insurance company that bears his name, under intense media scrutiny in Ireland. He is reckoned to have lost at least €1bn ($1.3bn) from his large shareholding in the bank and now IFSRA, Ireland’s financial regulator, is reported to be investigating how part of his stake was disposed of in July 2008.