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Max Capital's oulook revised to positive by AM Best

Bermudian (re)insurer Max Capital Group has had its outlook upgraded to 'positive' from 'stable' on all of its ratings by AM Best.

Best also affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of "a-" of Max Bermuda.

(Max) (Hamilton, Bermuda) and its affiliated companies. A.M. Best also

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FCA and PRA turn spotlight on MGA oversight

The Financial Conduct Authority and Prudential Regulation Authority are sharpening their scrutiny of managing general agents, stressing insurers must take primary responsibility for businesses underwriting on their behalf.

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