Ogden change could raise reinsurance rates by 400%
Higher layer reinsurance rates could increase by up to 400% as a result of the change to the Ogden discount rate, experts say.
Lord Chancellor Liz Truss's decision to cut the rate from 2.5% to minus 0.75% will have an initial total market impact on reported results of £2bn according to Deloitte.
However, motor insurers will
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