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Moody’s confirms MMC ratings

Moody's Investors Service announced today that it has confirmed the senior debt rating of Marsh & McLennan Companies at Baa2 (Adequate). The outlook for the ratings is negative.

According to Moody's, the rating confirmation reflects the fact that while the company's current financial profile would suggest a lower rating, the recovery plan now underway is expected to return

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

FCA’s Knight insists CPD changes are not a relaxation

The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.

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