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Qudos Insurance

Founded Year



Dead | Dead

About Qudos Insurance

Qudos Insurance was established to serve the European broker community with dedication and professionalism. Qudos Insurance is owned by New Nordic Holding, an investment driven company focusing on insurance related opportunities.

Headquarters Location

Købmagergade 22 1st floor

Copenhagen, 1150,


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Latest Qudos Insurance News

Danish insurer sues Wexford underwriting firm Ornella

Jan 18, 2023

An Irish insurance underwriter is being sued by a Danish insurer which went into bankruptcy in 2018 with some 500,000 policyholders in nine European countries, including 53,000 in Ireland. Copenhagen-based Qudos Insurance A/S (in bankruptcy) is suing Wexford-based Ornella Underwriting Ltd, formerly Patrona Underwriting, over what it says were payments due of certain premia from Irish policyholders to Qudos. It claims Ornella has failed to pass on some €2.1m in premia and is also claiming €1.5m over unearned commission payments. The claims are denied. In High Court proceedings, which have been transferred to the fast-track commercial division, Qudos is seeking a declaration that Ornella held and continues to hold all premium payments, less contractual commissions, under agreements between the firms in 2013 and 2014. Under those agreements, Qudos authorised Ornella to write certain insurance policies between Qudos and Irish customers in motor and home policies. Premium payments were to be transferred to Qudos minus commission. In October 2018, Qudos said it terminated those agreements and the following month Qudos went into voluntary liquidation in Denmark. In December, Ornella filed a bankruptcy petition against Qudos as did the Danish Financial Supervisory Authority. Following the appointment of a trustee in bankruptcy, a review of the entire business was undertaken to assess Qudos assets and liabilities with a view to gathering in all available monies to the bankrupt estate. The bankruptcy trustee initially focussed on continuance of claims-handling in all jurisdictions as this would be a prerequisite for payments under the Danish Guarantee Fund (DGF) for non-life insurers, Qudos said. Ornella filed a claim against the DGF which Qudos believes was later settled. Mathias Juul Holter, a Danish lawyer acting for Qudos, said in an affidavit seeking entry of the action to the Commercial Court, that he believed Ornella paid premia retained on Qudos behalf to other parties without the approval of Qudos and wrongfully failed to pass the premia on to Qudos. Mr Holter said Qudos is claiming some €2.1m (comprising €2m and some £103,465) in unpaid premia and that a claim for unearned commissions should be recalculated to reflect the last day of coverage in December 2018, when Ornella allegedly appeared to have placed policies with other insurers, notwithstanding that coverage was available to policyholders until March 2019. Qudos recalculated the figure for unearned commission at €1.5m in November 2021 and demanded payment, Mr Holter also said. After Qudos issued proceedings in June 2022, mediation talks followed but were ultimately unsuccessful. The case comes back before the Commercial Court in February. Business Newsletter

Qudos Insurance Frequently Asked Questions (FAQ)

  • When was Qudos Insurance founded?

    Qudos Insurance was founded in 2011.

  • Where is Qudos Insurance's headquarters?

    Qudos Insurance's headquarters is located at Købmagergade 22, Copenhagen.

  • What is Qudos Insurance's latest funding round?

    Qudos Insurance's latest funding round is Dead.

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