Gefion's solvency falls again after order from Danish regulator
The unrated provider was told to restate information in its annual report earlier this month.
Gefion Insurance’s solvency ratio for 2018 has fallen from 72% to 49% after it published corrected information for its 2018 annual report.
This followed an order from the Danish Financial Supervisory Authority (DFSA) on 2 January stating that the provider cannot recognise the value of a particular reinsurance contract in 2018.
According to Gefion, the order has negatively affected the company’s technical result, result for the year and equity.
After the amendments Gefion’s equity per 31
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