Gefion ordered to not expand business until it injects more capital

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The Danish Financial Supervisory Authority has ordered Gefion to not expand into new territories.

Unrated Danish insurer Gefion, which provides capacity across Europe including a chunk of business in the UK, has been under inspection by the DFSA in recent months.

The regulator said: “Overall, the

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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