Gefion Insurance A/S
Licence revoked 29 June 2020
Gefion Insurance A/S (Gefion) is a Denmark-based insurance company. The Danish Financial Supervisory Authority (DFSA) withdrew Gefion’s license to operate on 29 June 2020. This means that Gefion will be unable to underwrite any new insurance policies.
FSCS is working closely with the FCA and the DFSA to monitor the situation. We will continue to update this page with the latest developments.
Denmark-based Gefion sold a range of motor insurance products in the UK through a network of Managing General Agents (“MGAs”) made up of: Cogent Insurance Services, J&M Insurance, Prestige Underwriting, Pukka Insurance and Tansar.
Types of policies sold include private motor insurance, taxi insurance, fleet insurance and courier insurance.
Gefion’s UK policies remain in force and are currently valid.
Gefion will continue to operate and existing policies remain in force at this time. If you have concerns about your policy, you should contact the insurance broker from whom you purchased the policy, or Gefion directly.
If you need to make a claim, follow the instructions set out in your policy documentation. All claims should continue to be submitted to Gefion or its appointed claims handling agent in the normal way.
If you need to check on the status of an existing claim, liaise with the claims handling agent who was previously dealing with your claim.
Yes, Gefion will continue to make claim payments as normal.
You should refer to your policy documentation to check the name of the insurance company your policy cover is with. If you are still unsure you should contact the broker who you purchased the policy from.
You should contact the insurance broker who you purchased the policy from to discuss this.
It is obviously regrettable that you have been impacted by the insolvency of 2 insurance companies you held policy cover with over such a short period. As things stand, all Gefion policies remain valid and outstanding claims will be handled and paid by the firm as normal.
In terms of FSCS’s role; FSCS protects customers of financial services firms who are no longer able to meet their liabilities. FSCS is not a regulatory body and we do not have authority or control over what insurance products a broker can sell.