Brokers will use downgraded insurers, but only if clients make the request
Brokers have admitted they will continue to work with downgraded insurers at clients’ requests, despite rating agency Fitch conceding there is no end in sight to potential downgrades linked to the Eurozone crisis.
Federico Faccio, a senior director for Fitch’s insurance group, told Post that, although the outlook is generally stable given the current operating environment, there are exceptions: “Ratings of
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