Gefion Insurance A/S
Licence revoked 29 June 2020
FRN: 706201
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.
The DFSA’s press release also has more information for policyholders. Gefion’s website can be found here.
FSCS
Contact us by phone on the number below, or via the contact form on the Contact us page.
Gefion’s UK policies remain in force. Policies will end 3 months after the publication of the notice of liquidation decree in the Danish Official Gazette.
Further information can be found on the Gefion website.
If you need to make a claim, follow the instructions set out in your Gefion policy documentation.
If you need to check on the status of an existing claim, liaise with the claims handler 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.
My policy was transferred to Gefion from: 1) Alpha or 2) Qudos, how has this been allowed to happen?
It is obviously regrettable that you have been impacted by the insolvency of 2 insurance companies that you held policy cover within such a short period.
FSCS has no authority to arrange and secure replacement insurance cover on behalf of a policyholder. This is the Broker’s responsibility. Neither can FSCS offer any advice in relation to replacement policy cover.
If your Broker is offering to transfer your policy on to a new, solvent insurer, FSCS can only urge you to contact an independent insurance professional. They will be able to advise you on making the correct decision for your circumstances.