Gefion’s solvency slumps as Danish regulator refuses to accept reinsurance deal

Gefion Insurance and DFSA

The Danish Financial Supervisory Authority (DFSA) has ordered the unrated carrier Gefion to unwind the effect of a reinsurance contract from its 2018 accounts which sees its solvency ratio slump yet again, this time from 72 percent to a mere 49 percent.

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