The Danish Guarantee Fund for Non-life Insurers

As of 1 January 2019 all direct providers of non-life insurance in the EU/EEC which through branches or cross-border services provide (or wish to provide) non-life insurance in Denmark, are obliged to be a member of the Danish Guarantee Fund for Non-Life Insurers

By a decree issued by the Maritime and Commercial Court in Copenhagen on 20 December 2018, Qudos Insurance A/S filed for bankruptcy. In that connection, the Court of Appeal appointed Attorney Boris Frederiksen from Kammeradvokaten/ Poul Schmith as insolvency administrator

The Danish Financial Supervisory Authority has instructed the Fund to collect contributions from members of the Guarantee Fund, in order to re-establish the Fund’s capital of DKK 300 mio.