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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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Axa Partners hit with FCA limitations

Following the Which? super complaint, the Financial Conduct Authority has told Axa Partners UK it cannot grow its current customer base without written permission from the regulator.

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