trending Market Intelligence /marketintelligence/en/news-insights/trending/PEEWgt9ehMqQhOFcNu_DZg2 content esgSubNav
In This List

Court declares Danish insurer Qudos bankrupt

Blog

Anticipate the Unknown: Does Supply Chain Disruption Lead to Increased Credit Risk?

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Podcast

Street Talk | Episode 90: Banks should not wait on the Fed to put cash to work

Blog

Expand Your Perspective: Data & Distribution Q&A


Court declares Danish insurer Qudos bankrupt

The Maritime and Commercial High Court in Denmark declared Qudos Insurance A/S bankrupt.

The Central Bank of Ireland said existing policies are still in force, but will automatically cancel three months from the date of the bankruptcy. The financial institution advised remaining Irish policyholders to secure alternative coverage and report any claims to the Danish Guarantee Fund.

Qudos primarily provides commercial and private motor insurance, as well as household insurance, in Ireland.

The Danish Financial Supervisory Authority recently said there is a "substantial" risk that Qudos will not be able to fulfill its obligations. Qudos announced in October that it stopped underwriting new business. In November, Qudos reported noncompliance with the minimum capital requirement to the regulator and was placed into liquidation.