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.
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