Gefion barred from expanding scope until ‘serious liquidity problems’ sorted
Danish unrated insurer Gefion cannot enter new lines of business or branch out into further territories until it can meet its solvency capital requirement, the regulator has ordered.
Gefion, which provides capacity for a chunk of motor business in the UK as well as across Europe, has found itself in hot water with the regulator in recent months.
In its most recent statement, the
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