Danish regulator demands action as it identifies ‘serious liquidity problems’ at Gefion

Warning sign against cloud backdrop

Unrated Danish insurer Gefion Insurance must have liquid assets of at least €5m (£4.2m) by the end of the year amid fears by the regulator that the company has “serious liquidity problems.”

A summary of the regulator’s order stated: “The Danish Financial Supervisory Authority considers that the company has serious liquidity problems.

“Hence, the interests of the policyholders and

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News Editor View: After comments from Jensten’s Alistair Hardie earlier this week saying no insurer gets service right and that we should “rip up the service rule book and start again”, Scott McGee asks: Is it really that bad?

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