Travelers expects $62m hit from UK Ogden rate slash
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Higher claims cost settlements likely due to UK Ogden discount rate change
AXIS Capital Holdings has predicted the impact of the recent Ogden rate change, which impacts the way insurers calculate future losses in personal injury cases in the UK, on its business, expecting it to be around $50 million.
Axis Capital, Ogden, Motor Insurance, Motor Reinsurance, Bermuda, UK