Broking Break: Your top five of the week

A dog reading the Daily Dog

  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