A roundup of today's other business news in brief

Senator’s family secure orders against developer

Five children of Senator Fergal Quinn have secured, on consent, judgment orders totalling more than €7.3 million against developer Patrick Doyle over his failure to repay loans provided as “mezzanine” finance for a development in north Dublin. The case arose from a loan agreement of November 2006 under which Donal, Zoe, Gilliane, Stephen and Eamonn Quinn, all with addresses in Dublin, advanced to Mr Doyle, of Brookdale, Kinsealy Lane, Malahide, Co Dublin, a €5 million sum. It was claimed, despite repayment of some money, a balance of €1.47 million remained.

Creditors’ meeting for Troon Developments

A creditors’ meeting has been called for Troon Developments, according to a notice placed in the Daily Star yesterday. A liquidator will be appointed at the meeting, which will take place on March 5th.

Troon Developments, which is owned by Larry and Elizabeth Mahon, was the main contractor in the construction and development of an apartment complex on Dublin’s Cork Street. According to the most recent accounts for Troon, the company posted an after-tax profit of about €1.5 million for the year to the end of October 2008, but had net liabilities in excess of €450,000.

Willis secures approval for Irish relocation

Bermuda-based multinational insurer, Willis Group, has secured court approval for its bid to relocate to Ireland for tax reasons following the introduction by the US president Barack Obama of changes in US tax laws.

The move by the Willis Group brings increases to about 10 the number of such companies which have transferred their headquarters here.

The Willis Group employs about 22,000 people in about 100 countries worldwide.

Allianz to create 30 jobs in Dublin

Health insurance giant Allianz Worldwide Care yesterday announced the creation of 30 jobs at its operations in Dublin, where it currently employs 250 people.

The new jobs are in the company’s finance and IT departments.

“We’ve had an excellent start to 2010,” says Claire Cusack, head of human resources. “These new job opportunities have arisen as a direct result of new business acquired.”

IDA Ireland chief executive Barry O’Leary said the announcement was “an important endorsement of Ireland as a credible, competitive location for investment”.