Reinsurers stick to UK motor business despite Ogden jitter
21-03-2017
Vast majority in re/insurance wants UK’s Ogden discount rate calculation to change: survey
13-03-2017
courtneyk / istockphoto.com
The brunt of an expected one-off reserve charge of approximately £5.8 billion due to the Ogden personal injury discount rate cut may be borne by reinsurance, according to market estimates. While reinsurers told Intelligent Insurer that they are adequately reserved they are preparing for material rate increases.
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Ogden, Rates, Personal Injury, Munich Re, R+V, Swiss Re, Hannover Re, Motor Reinsurance, UK, Europe
