Best downgrades Terra Nova and Markel International
After a review of US (re)insurance group Markel, rating company AM Best has downgraded the financial strength rating of Terra Nova Insurance from 'A-' (excellent) to 'B++' (very good) and the
Disappointment in discount rate
Zurich disappointed in new #discountrate. David Nichols, Ch Claims Officer: "The failure to change the discount rate to a balanced level will only serve to increase the cost and, therefore, affordability of certain types of insurance - especially for higher risk customers." pic.twitter.com/ac1CfBzfxX
— Zurich Insurance UK (@ZurichInsUK) July 15, 2019
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