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Scottish Re rating affirmed by AM Best

AM Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Scottish Re. The outlook on both ratings remains stable.

The ratings reflect Scottish Re’s solid position in its traditional markets, as well as its importance to Scottish Re Group, its ultimate parent, as evidenced by an explicit guarantee provided by

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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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