Briefing: The sorry (but unsurprising) tale of Gefion’s collapse

Taxi_getty

Solvency and liquidity issues have dogged the unrated Danish insurer for years, but brokers will be hoping that early regulatory intervention will have saved them a lot of pain as the insurer’s collapse continues to unfold

It came as no great surprise to the market when the Danish regulator announced it had refused to extend Gefion’s recovery period and, as a result, revoked its licence.

The troubled unrated insurer had been on the regulatory radar for some time following a string of solvency and liquidity problems.

Read more

(If you’re already a subscriber, please sign in here.)

Get access with a 14-day free trial

This article is usually available exclusively to subscribers.

Subscribe for full access - Take out a print and online or online only subscription

For a limited period, you can enjoy all the benefits of an online subscription free for 14 days. Sign up now to read this article in full and to enjoy unlimited access to premium online content, a digital edition of the latest issue, plus an online archive of back issues.

Also, as a registered user, you will be able to -

  • Access unlimited breaking industry news as it happens
  • Sign up to a choice of daily and weekly newsletters

Register to view free premium content