Administrators for Ireland's Quinn Insurance group have chosen Liberty Mutual LBRTML.UL, the fifth largest insurer in the United States, as the preferred bidder for the group, the Irish central bank said on Thursday. The decision is still subject to regulatory approval by the central bank, the statement said. Anglo Irish Bank, a major creditor of Quinn Group will retain a minority shareholding in the new firm, but will having no dealings in the day to day management of the company, the statement said.
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