"Insr are forced to cease their business by Finanstilsynet, the Financial Supervisory Authority of Norway. Problems are partly relating to Danish Workers’ Compensation where several other insurers have suffered as well......
...Insr seem to have remaining exposure on agent agreements and not unlikely on reserves and reinsurance. That is probably why they have not been acquired for the tax deduction opportunity...
...I am sad that a challenger in the consumer segment is forced to cease business. Insr ceasing business is not good for the market where incumbents are milking consumers...
...It is also a big loss for investors. I am not harmful although it would have been wiser of Mr Qviberg (@MatsQviberg) to short Insr and invest in Protector, on long term....
.... Hans Didring - CEO of Protector Insurance Sweden :)"
Here is a link to full article:
linkedin.com/pulse/2020-had…
linkedin.com/pulse/2020-had…
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