Insurance Post

Allianz UK faces £63m Q3 blow from losses and Ogden

Jon Dye Allianz UK CEO

Allianz UK faced a combined £63m hit in the first nine months of the year from both a series of large losses and the residual impact of the Ogden rate revision.

The insurer said it faced a £17m loss as a result of the Ogden rate revision, and £46m in “unusual” large losses across commercial property, fleet, liability and private car accounts.

The company saw

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