Gefion set end of year liquidity deadline by Danish regulator
The struggling unrated Danish provider must have €5m in liquid assets by end of this month as watchdog points to “serious” problems.
The Danish Financial Supervisory Authority (DFSA) has ordered Gefion Insurance to have liquid assets of at least €5m by the end of December 2019.
A note from the regulator stated that “it considers the company has serious liquidity problems”.
The note further detailed: “The interests of the policyholders and beneficiaries are at risk and the Danish Financial Supervisory Authority therefore ordered the company to take the necessary measures in order to have liquid assets of at least €5m by end
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