Unrated Danish insurer Gefion in €2m cash injection deal with shareholders
UK experts say cash injection is in response to growth as provider notes move was made to increase its solvency limits.
Unrated Danish insurer Gefion Insurance A/S has received a €2m (£1.74m) cash injection from its shareholders in order to improve its solvency position.
In its annual report for 2017, the provider stated: “By shareholder decision of 30 April 2018 Gefion Insurance A/S obtained commitment from its shareholders for an increase of the company’s share capital by the amount of €2m by injection of cash.”
The insurer noted that this decision improved its ratio of eligible own funds to a Solvency
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