Insurance Post

Zurich falls to Q1 £105m GI loss in UK after Ogden hit

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Global insurer Zurich posted a UK pre-tax loss for general insurance of £105m, which now includes global corporate, in the first quarter of 2017 compared with a profit of £49.6m in Q1 2016.

For the UK general insurance market the insurer was hit by a £172m charge from the UK personal injury discount rate change, while including legacy businesses there was a $289m (£223m) hit; the GI

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