Portfolios put into run-off with Darag.
New Nordic Advisors has put its wholly-owned Danish subsidiary Qudos Insurance into liquidation with immediateeffect.
The unrated Copenhagen-headquartered insurer was closed to new business on 18 October.
The investment management company said it had made the latest move after a review of the insurance companys position.
It explained that a number of retrospective reinsurance treaties had been opened with legacy specialist Darag to de-risk Qudos and provide a solution for policyholders.
The firm did not detail which portfolios were in the deal but stated that both parties were continuing to explore whether similar solutions can be brought to bear for oth…
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