AM Best affirms Munich Re ratings

AM Best has affirmed the financial strength rating of A+ (Superior) of Munich Re and its core subsidiaries. The outlook remains stable. The announcement follows the publication of Munich Re’s latest financial results for the year so far.

At the same time, AM Best has assigned an issuer credit rating of "aa" with a negative outlook to each of these companies. The ratings on the debt securities guaranteed by Munich Re have been affirmed

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FCA stops potential ghost broker from trading

The Financial Conduct Authority has stopped Arthur Temlett, trading as Abacus Insurance Consultants, from carrying out any regulated activities, including acting as an insurance broker.

City minister Siddiq is replaced by Reynolds

Less than 24 hours before she was due to appear at the British Insurance Brokers’ Association’s Manifesto launch, Tulip Siddiq has resigned as Treasury minister and been replaced by Labour MP Emma Reynolds.

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