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News Review: March - Underwriter on watch

Underwriter Insurance was placed on negative watch by ratings agencyFitch following the departure of...

Underwriter Insurance was placed on negative watch by ratings agencyFitch following the departure of its chief executive and co-founder KeithRutter.

Mr Rutter left the insurer 'by mutual agreement'. He was to be replaced byNigel Rogers, currently a non-executive director of The Underwriter.

Fitch met with the senior management at the insurer earlier this month todiscuss its 2002 results and plans for the year. The Underwriter had anA- rating from Fitch, and the agency said that it hoped the

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