Moody’s: insurers ‘will face a one-off hit to earnings’ after UK Ogden rate review

15-07-2019

Moody’s: insurers ‘will face a one-off hit to earnings’ after UK Ogden rate review

iStock/WeekendImagesInc

Moody’s Investors Service has warned that the Ogden discount rate of minus 0.25 percent, revealed today by the UK’s Lord Chancellor, will mean a “one-off hit to earnings” for reinsurers that have been working to expectations of a new rate between zero and 1 percent.


Moody's, Ogden Rate, Civil Liability Act 2018, Lord Chancellor, Discount rate review, Helena Kingsley-Tomkins, UK

Intelligent Insurer