Fitch warns of mounting pressure on global insurance ratings

Fitch has revised the rating outlook to Negative from Stable for 12 insurance and reinsurance sectors globally, primarily reflecting the fall out from significant deterioration in the global financial markets, and its impact on insurers' balance sheets and financial flexibility.

The Negative outlooks reflect the significant falls in global credit and equity markets, and unprecedented market volatility and uncertainty. Of greatest concern to Fitch are declines in the market value of

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