Fitch downgrades SCA to junk status
Fitch Ratings has downgraded the insurer financial strength (IFS) ratings of Bermudian (re) insurer XL Capital's 46%-owned monoline insurer Security Capital Assurance (SCA) and its subsidiaries to 'BB
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claims management companies
We’ve published a consultation on proposals to restrict excessive charging by claims management companies, which could save consumers an estimated £9.6m.
— Financial Conduct Authority (@TheFCA) January 21, 2021
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