Gefion meets €5m liquidity deadline
The Danish provider has complied with the order from a regulator to have liquid assets of at least €5m by the end of 2019, after further investment from shareholders.
Danish provider Gefion has met its requirement to have liquid assets of at least €5m (£4.2m) by the end of December 2019, Insurance Age can reveal.
A communication sent to Gefion distributors showed that the provider has complied with the order following further investment from its shareholders.
This follows an order published by the Danish Financial Supervisory Authority (DFSA) on 12 December 2019.
Insurance Age has reached out to Gefion for a comment.
A note from the regulator at the time
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