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Market Announcement - Qudos Insurance A/S


As a result of instructions below, from today ARB ideal policies taken out with ARB Underwriting Ltd will now be placed solely with Gefion Insurance A/S with continued backing from Swiss Re, same policy covers and pricing applying to both New and Renewal policies.  




We are in the process of changing documentation both internally and on Applied system.


Policy Renewal Certificates will be (re)issued manually in the name of Gefion Insurance A/S and will be sent to you.


Qudos Insurance A/S have instructed us to cease writing new/renewal ARB Ideal business as co-insurer on polices as and from 18th October 2018.


We Have been advised that Qudos insurance A/S will honour its obligations under the Agreement on insurance duly bound until their natural expiry.


 

New Nordic Advisors, the advisor to investment management company New Nordic Holding Ltd, has announced that its wholly-owned subsidiary Qudos Insurance A/S has suspended live underwriting, pending a restructuring of the business; and advise that Qudos’ live underwriting platform will be re-launched following a restructuring project and a comprehensive audit.

 

 

 

Please feel free to send any questions you have to motor@arb.ie

 

 

Sincerely,

 

 

Stacy Nolan

Motor Underwriting Manager

ARB Underwriting Ltd

www.arb.ie

01 525 7903