Gefion Insurance A/S is forced to stop writing insurance

The Financial Supervisory Authority has ordered the company to make an immediate and complete stop to take out insurances, including renewals of existing insurance policies.

 Read the decision here: Finanstilsynets vurdering af genoprettelsesplan, påbud om tegningsstop og påbud om nedskrivning af tilgodehavender – Gefion Insurance A/S | Finanstilsynet (in Danish only)

 The Guarantee Fund will not play a role until a non-life insurance company is declared bankrupt. The Guarantee Fund is monitoring the situation closely and will publish further information if the development so indicates.​