Lemma downgraded over 'deteriorating Ukrainian economy'
Ukranina insurer Lemma's financial strength rating has dropped to 'B' (fair) from 'B+' (good), reflecting economic deterioration and political uncertainty in its core Ukrainian market.
AM Best also noted that Lemma's financial risk business has increased, which deepens the company's exposure to the domestic economy.
"Lemma's profile and investment portfolio remain concentrated
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