Administrators for Ireland's Quinn Insurance group have chosen Liberty Mutual LBRTML.UL, a leading insurer in the United States, as the preferred bidder for the group, the government said on Thursday. Quinn Insurance was put into administration in March 2010 after the financial regulator expressed concern about the firm's ability to cover its liabilities, although its administrator has said it is profitable at the operating level. The company is a major debtor of scandal-hit Anglo Irish Bank, which will retain a minority shareholding in the new firm. However nationalised Anglo, which is in the process of being wound down over a number of years, will have no dealings in its day to day management.
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