Gefion disputes claims from administrator after Staveley Head collapse
Danish provider says it "takes issue" with claims that it had prematurely ended its contract with Staveley Head, causing the broker to go into administration.
Gefion Insurance has issued a response to the news that Staveley Head has gone into administration, stating that it did not prematurely terminate its contract with the business.
Insurance Age reported yesterday (5 February) that Steven Muncaster and Sarah Bell of Duff & Phelps had been appointed as joint administrators of Staveley Head.
The global advisor stated that the move was a result of solvency issues at Staveley Head’s main insurer, which led to “an early and unexpected termination of
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