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Solvency II to have far-reaching impact

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Fitch Ratings has said that it expects Solvency II, the European Union's new insurance regulatory regime, to have far-reaching effects on insurers, with both positive and negative credit rating implications.

Fitch said the rating action will be driven by the characteristics of each insurer and its management of the transition to Solvency II.

It said the main drivers of ratings are likely to include

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