Ogden cut to wipe £50m off Traveler's Q1 2017 results

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The group said the loss relates primarily to its public liability and commercial auto liability lines of business in the United Kingdom. Approximately two-thirds of the impact comes from certain books of business that the company had previously exited and are currently in run-off. A statement from Travelers said: "The company expects that any impact to its future operating results as a result of this change will be insignificant." The Ogden discount rate today fell to minus 0.75% from 2.5%