Danish watchdog orders Gefion to recalculate solvency level

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The Danish Financial Supervisory Authority (DFSA) has stated that Gefion Insurance’s solvency ratio is 105% as of 31 May, instead of the 130% Gefion posted in its Solvency Report in June.

The Danish provider was forced to take action earlier this year, after its solvency ratio dropped to 72%.

The motor insurer stated that these actions included a cash injection, along with an increased level of reinsurance with an existing reinsurer.

Requirements
The regulator said in a statement: “The DFSA

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