Revealed: Unrated Gefion claws back solvency ratio after year of losses
Exclusive: Danish unrated insurer Gefion took out a further chunk of reinsurance and injected capital into the business, after its solvency ratio plummeted to 72% in 2018.
The loss-making insurer now has a solvency ratio of 130% as of May 2019, having been forced to take action after its solvency capital requirement jumped from mDKK120 (£14m) to mDKK179m.
Brokers said
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