Broking Break: Your top five of the week
Aviva putting 120 people at risk of redundancy was the top clicked on story of the week along with Rural Insurance MD Ian Barclay resigning. Brokers also read about data breaches and Elite being put on negative rating watch.
5) Fitch puts Elite on negative rating watch as it prepares for run-off
Legal expenses insurer Elite has been placed on a negative rating watch by Fitch.
The announcement followed the news that Elite has closed to new business and will go into run-off.
Elite received a BBB- rating in December last year.
The rating agency noted in a statement: “Fitch will resolve the RWN [rating watch negative] after a review of the company’s run-off plan and additional
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