Region

Jurisdiction

Regulator

2026-06-12

Censure Regarding ETU Forsikring A/S for Failure to Comply with Solvency Capital Requirements

The Danish Financial Supervisory Authority issued a censure to ETU Forsikring A/S for failing to maintain sufficient capital to cover its solvency capital requirements as of December 31, 2025. The regulator determined that the company's reported solvency coverage of 92.2 percent constituted a breach of the Insurance Business Act. Although the company subsequently reported adequate capital coverage as of April 30, 2026, the supervisory action addresses the prior non-compliance period.

Denmark

Finanstilsynet Denmark

Decision 12-06-2026 ETU Forsikring A/S informed the Danish Financial Supervisory Authority on May 15, 2026, based on new information, that the solvency coverage as of December 31, 2025, was calculated at 92.2 percent. This means that the company's capital base as of December 31, 2025, was insufficient to cover the company's solvency capital requirements, pursuant to Section 154, subsection 1, of the Insurance Business Act. The Danish Financial Supervisory Authority has therefore issued a censure to the company's board of directors and management for not at all times maintaining a capital base that covers the solvency capital requirements calculated by the company.

The company has stated that as of April 30, 2026, it has a capital base that covers the solvency and minimum capital requirements calculated by the company.

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