Vivas Health Insurance - Health Insurance

Most likely buyers are already in market here Irish Independent

16.04.10

ON the face of it, all the omens look good for a sale of Quinn Insurance .

Sean Quinn insists the company is making millions every month. And almost 30 companies have apparently expressed interest in buying in. Leading industry executives, however, have painted a very different picture.

They stress the chances of another insurance player coming into the Irish market are very limited. The insurance market is contracting, as the country's economic woes mean people are insuring less valuable cars and houses, and companies are insuring smaller turnovers and lower value properties.

The most likely buyers, then, are the insurers already active in the Irish market.

The health business will be the easiest sell.

AXA bid for Bupa when Quinn Insurance took it over in 2007 and retains a keen interest in getting into the health area.

Aviva took out Vivas and is eager to build its health book. And Allianz writes health globally, and does expatriate health business out of Dublin .

Source:

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Healthy saving - Irish Independent
Irish Independent, Ireland - Jun 09, 2009
Healthy saving - Irish Independent Irish IndependentHealthy savingHibernian Aviva Health, for instance, has added approximately 80000 new members since it bought a majority shareholding in Vivas Health in April 2008, and now has over 200000 members. Some of the health insurers have websites that allow you to compare