Insurance Post

Zurich UK hit with £151m loss from Ogden

Two cars in a crash

Zurich UK suffered a £151m loss on its general insurance business as a result of the discount rate cut.

The insurer said its combined ratio worsened to 110.9%. Without the impact of the discount rate revision, the company would have seen a CR of 102.3%.

Gross written premium remained flat at £2.367bn

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