Fitch Ratings has downgraded its insurer financial strength rating of The Underwriter Insurance Company to BBB+ from A minus.
The downgrade follows a review of the company's accounts following the departure of Keith Rutter as chief executive in March 2003. Fitch said it was concerned that the poor quality of business underwritten in previous years may require further reserve strengthening.
The ratings agency also urged the company to "fundamentally" change its underwriting philosophy.
Fitch said it is in discussions with the insurer to ascertain the level of capital increase required to regain an A minus rating.
The Awards Ceremony on Wednesday, December 3rd, at the stunning JW Marriott Grosvenor House London, is the biggest night in the UKGI calendar.
It's the perfect way to acknowledge hard work, inspire your team, and network with industry leaders.
Crucially, as many of our attendees have done before, you can use your table booking as the perfect, hassle-free Team Christmas Party, combining prestige, celebration, and a memorable night they'll talk about all year!
It's the perfect way to acknowledge hard work, inspire your team, and network with industry leaders.
Crucially, as many of our attendees have done before, you can use your table booking as the perfect, hassle-free Team Christmas Party, combining prestige, celebration, and a memorable night they'll talk about all year!
Tables are selling fast for this exclusive event. Don't miss your chance to secure a prime spot and give your team the recognition and celebration they deserve.
