CHICAGO--(BUSINESS WIRE)--Fitch Ratings has finalized new notching criteria to be used for insurance industry ratings globally. The new notching criteria can be found in Section VI. of an update to Fitch's insurance master criteria report titled 'Insurance Rating Methodology' which was published today. Fitch published proposed changes to its notching criteria on May 12, 2015 in the report 'Exposure Draft: Insurance Notching Criteria'. BACKGROUND Notching refers to the practice of establishing a