Unrated Danish insurer Gefion in €2m cash injection deal with shareholders

Cash injection

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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