FSCS declares unrated Gefion has failed

I am not sure they had much exposure within the UK market but the Financial Services Compensation Scheme (FSCS) has declared that unrated Danish insurer Gefion Insurance has failed.

This comes after the Maritime and Commercial High Court declared Gefion bankrupt on 7 June 2021. FSCS said it is working closely with the liquidators and the Danish Financial Services Authority (DFSA) to understand the impact of the company’s failure.

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