The Insurance Times top 5 insurer collapses


Following the news that unrated Danish insurer Gefion has gone into liquidation after its licence was revoked, Insurance Times takes a look at five of the biggest insurance disaster stories of the last 20 years

Gefion has become the latest insurer to enter liquidation after the Danish Financial Services Authority (DFSA) refused to extend the insurer’s recovery period and revoked its insurance licence.

But the unrated Danish insurer is by no means the only insurer to fail over the course of the last two decades, so here is Insurance Times’ round-up of the five biggest insurer collapses of the last 20 years…

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