Gefion's solvency falls again after order from Danish regulator

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Gefion Insurance’s solvency ratio for 2018 has fallen from 72% to 49% after it published corrected information for its 2018 annual report.

This followed an order from the Danish Financial Supervisory Authority (DFSA) on 2 January stating that the provider cannot recognise the value of a particular reinsurance contract in 2018.

According to Gefion, the order has negatively affected the company’s technical result, result for the year and equity.

After the amendments Gefion’s equity per 31

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