Insurance

Sovereign says new adviser regulations hit sales in 2011

Thursday 16th of February 2012

Despite this Sovereign recently had its A+ rating reaffirmed by AM Best.

While AM Best praised Sovereign's profitable operating performance, Anderson said the increased regulatory burden had hit the bottom line.

"Competitive pressure on premium rates and the difficulty in passing on higher regulation costs have impacted the company's new business profitability," he said.

"A...

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