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Swiss Re-GEIS escapes Moody’s downgrade, but negative stance stays

Moody's has confirmed the Aa2 insurance financial strength and senior debt ratings of Swiss Re as well as its A1 subordinated debt rating.

However, the agency kept the reinsurance giant on negative outlook, citing fears of a near-term profit slump as restructuring charges relating to the impending GEIS takeover start to bite, as well as

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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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