Gefion secures €6m recapitalisation deal


Gefion Insurance has closed the placement of Solvency II-compliant subordinated notes to a value of €6m (£5.4m) with funds managed by Fermat Capital Management.

The unrated Danish provider stated that the net proceeds from the recapitalisation will be used to strengthen its capital base and support its ongoing business.

The business added that the move follows a similar €10m placement that Gefion and Fermat announced in July 2017.

Tonny Anker-Svendsen, Gefion’s chief executive

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