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Bulgaria Revokes DallBogg's Insurance License Over Solvency Issues
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Bulgaria Revokes DallBogg's Insurance License Over Solvency Issues

Bulgaria's financial regulator (FSC) has revoked the insurance operating license of DallBogg, which primarily operates in Italy for auto liability insurance under the freedom to provide services. The decision follows an April ban on new contracts and was made after DallBogg failed to meet minimum capital requirements under Solvency II rules, with its proposed recovery plan deemed inadequate.

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