Quincy creditors receive pay promise

Creditors from US underwriter Quincy Mutual Fire Insurance will be paid by the end of the year under a formal scheme drawn up by insolvency firm Begbies Traynor.

Quincy Mutual Fire Insurance withdrew from writing domestic fire insurance in the UK in 2002 and has since been in run-off.

Christopher Morris, a partner at Begbies Traynor, said: "The creditors have

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