Helios has (almost) done his work and got the week done. Probably because he has an oven ready plan. To leave the working week and enter the weekend.
Pukka Insure stopped writing new business with Gefion in July, replacing it with two A-rated carriers.
Unrated Danish insurer Gefion Insurance must have liquid assets of at least €5m by the end of the year amid fears by the regulator that the company has “serious liquidity problems.”
FSCS has paid out a total £276m following the collapse of unrated insurers Alpha, Gable and Enterprise
The UK’s Financial Services Compensation Scheme has paid out a total £276m in claims to the policyholders of three overseas unrated insurers that collapsed between 2016 and 2018.
The Financial Services Compensation Scheme has called on “thousands” of Alpha Insurance latent defect policyholders to submit their premium refund claims to the portal on the Danish insurer's website.
Unrated Danish insurer Gefion has finally secured an additional €6m (£5.4m) capitalisation for the business following regulatory action in July.
Danish insurer Gefion has further pushed back its expected timeline for a capital injection in the business, following an order by the regulator that it cannot expand into further territories until it bulks up its coffers.
Broker CRL had found a replacement insurer to take on almost 30,000 Alpha policies, but the potential suitor has raised “several last-minute issues” that are holding up a deal.
Homeserve Lab’s Leakbot is currently live and working with a wide range of insurers in the UK, Europe and the US. Post spoke to the company’s non-executive chair, former Axa UK CEO and Prudential UK and Europe CEO Mark Wood, to hear about its plans for…
This week the best and brightest in the insurance community gathered in the Royal Albert Hall for the 25th British Insurance Awards.
The Danish Financial Supervisory Authority has ordered Gefion to not expand into new territories.
Premium finance providers Premfina and Close Brothers will continue funding Gefion premiums following the unrated insurer’s tussles with the Danish regulator, as Premium Credit pulls out.
CRL is making “good progress” in talks to move its Alpha policyholders over to another insurer and has seen its deadline pushed back.
The Danish Financial Supervisory Authority has pegged Gefion’s solvency ratio as just 105% at May 2019, rather than the 130% the company has claimed.
BCR Legal Group appointed representative CRL failed to find an insurer to take on its Alpha policies by the May deadline set by the Financial Services Compensation Scheme, but it has been given more time as the firm has a replacement in its sights.
Exclusive: Danish unrated insurer Gefion took out a further chunk of reinsurance and injected capital, after its solvency ratio plummeted to 72% in 2018.
Creditors of CBL Corporation, the parent company of CBL Insurance, are expected to be owed in excess of £90m.
The New Zealand high court has placed CBL Corporation into liquidation.
The Financial Services Compensation Scheme has revealed that it has worked with a number of brokers to transfer around 165,000 Qudos motor and pet insurance policies to new providers.
The Financial Services Compensation Scheme has given CRL Management an extra two weeks to find an alternative insurer for its customers that were insured by collapsed Alpha Insurance.
The British Insurance Brokers’ Association has hit out over an extra Financial Services Compensation Scheme bill that firms will have to pay in February.
Qudos, the unrated Danish insurance company that was placed in liquidation last month, has been declared bankrupt.
Hooking the headlines this week, Danish unrated insurer Qudos was placed in liquidation by its owner.
Danish unrated insurer Qudos plunged into liquidation yesterday, amid owner New Nordic’s lawsuit alleging that former owners Echelon “fraudulently reported” vital information prior to the 2017 sale of the insurer.