Icelandic regulator revokes Eric's licence on solvency grounds
The European Risk Insurance Company has had its operating licence withdrawn by the Icelandic Financial Supervisory Authority as the unrated insurer no longer complies with minimum solvency requirements.
The decision to revoke Eric's license was confirmed on 12 February and comes following the news that the unrated carrier, which maintains a UK office in Southend-on-Sea, is no longer able to accept
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