Fitch and AM Best downgrade XL, citing poor ERM
Bermudian (re)insurer XL has seen its insurer financial strength ratings downgraded by both Fitch and AM Best.
Fitch downgraded XL Capital and it subsidiaries to 'A+' from 'AA-' whilst AM Best trimmed to A (excellent) from A+ (superior), both rating have a stable outlook.
The move follows the announcement of
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