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Fitch Ratings on Sept. 15 downgraded the insurer financial strength ratings of Old Mutual plc units OM Financial Life Insurance Co. and OM Financial Life Insurance Co. of New York to BBB from BBB+.
The ratings were placed on Rating Watch Negative.
Also on Sept. 15, Fitch downgraded the ratings of Old Mutual.
Fitch said the rating actions follow news that Old Mutual named a new...