AIG to take $100m hit from Ogden change
AIG expects to record a $100m (£77.9m) hit to its Q1 2017 pre-tax profits as a result of the cut to the Ogden discount rate.
The group said that its carried reserves as of 31 December 2016 were estimated using an assumption that the Ogden rate would decline to 1.0%. In February Lord Chancellor Liz Truss revealed the rate
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