Copenhagen-based Qudos Insurance will cease underwriting new business with immediate effect, pending a restructuring of the business, announced parent company New Nordic Advisors.
New Nordic said it aims to re-launch the underwriting platform following a comprehensive audit. The restructuring project will continue in conjunction with leading legacy specialists.
The insurance market, particularly in Scandinavia, is rife with opportunity for entrepreneurial and well-structured insurance businesses, said Nicolai Borcher Hansen, deputy chairman for Qudos and CEO and founder of New Nordic, which is the adviser to New Nordic Holding Ltd., the financial services-focused investment ma…
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