Premium finance provider has had unrated Gefion under "active review" since October and says move follows the various actions imposed by the Danish regulator, including the restatement of Gefion's solvency ratio.
Move follows the software house's expansion into the German market.
Regulator says the unrated Danish provider has a solvency ratio of 105% after assessment.
Danish provider received cash injection to improve its solvency ratio on 6 May.
The Danish regulator has told Gefion to restate its 2017 results and half-year report for 2018 but Gefion insists the business is healthy.
Danish provider declared bankrupt on 20 December 2018.
FSCS vows to work with liquidator and Danish authorities.
May was all about the collapse of Alpha. Aviva pulling agency with GRP also caught brokers' interest along with Amazon's potential insurance plans.
Portfolios put into run-off with Darag.
Close Brothers to end non-recourse policies for Danish insurer’s product.
Premium finance provider will still issue recourse policies for the insurer.
Insurer picked up car and bike policies.
Premium finance firm says working in partnership has delivered better outcomes for customers.
The move follows the collapse of Danish provider Alpha which left many taxi drivers uninsured.
UK experts say cash injection is in response to growth as provider notes move was made to increase its solvency limits.
Administrators say it is in the interests of creditors for the company, which is linked to Alpha Insurance, to liquidate ahead of watershed meeting.
Telematics specialists had started process in March and Aviva stresses it is not targeting Alpha's book.
Cover ended on 8 May 2018.
Axa buying XL dominated the headlines taking up two slots in the top five most read. However there was plenty more going on with an insurer going into liquidation, profits rising at Aviva and advice for brokers on GDPR.
Alpha said that the fall was directly linked to the failure of CBL Insurance.
Unrated Danish insurer hit with order by Danish FSA.
New unit deals with personal and commercial lines business.
Software specialist delivers 20% rise in revenue.
Acquisition part of technology specialist's global expansion plans.