LV to cover reinsurance rate rises with higher premiums

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LV will cover any reinsurance price rises as a result of the Ogden rate cut solely through premium increases.

The company increased motor premiums by “high single digits” in the week following the decision to reduce the rate from 2.5% to minus 0.75%.

The increases are expected to make up for an expected

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60 Seconds With... Foil’s Pete Allchorne

Pete Allchorne, partner at DAC Beachcroft and president of the Forum of Insurance Lawyers, would like to be “Doctorin’ the Tardis”, finds ironing therapeutic, and can be found dancing to “Uptown Funk” by Mark Ronson and Bruno Mars.

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