Axis Capital expects $50m charge from Ogden rate slash
Willis Towers Watson completes OAAGC deal
Higher claims cost settlements likely due to UK Ogden discount rate change
A planned revision of the Ogden discount rate from 2.5 percent to negative 0.5 percent would particularly affect UK motor reinsurers as they would likely experience a material one-off reserve charge of approximately £4.9 billion, according to analysis by Willis Towers Watson.
Motor, Reinsurance, Insurance, Willis Towers Watson, UK, Ogden, Regulation, Stephen Jones, Andy Staudt