Discount rate cut could benefit Hastings, says CFO
The cut to the Ogden discount rate will benefit “agile players” who procure business predominantly through aggregators, Hastings' chief financial officer Richard Hoskins said.
Though Hastings took a £20m hit to its 2016 profits as a result of the Lord Chancellor's decision to cut to discount rate from 2.5% to minus 0.75%, Hoskins said that the resulting rise in premiums
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