Broking Break: Your top five of the week

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5) Fitch puts Elite on negative rating watch as it prepares for run-off

Legal expenses insurer Elite has been placed on a negative rating watch by Fitch.

The announcement followed the news that Elite has closed to new business and will go into run-off.

Elite received a BBB- rating in December last year.

The rating agency noted in a statement: “Fitch will resolve the RWN [rating watch negative] after a review of the company’s run-off plan and additional financial information, including dis

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