Enterprise sees claims costs rocket from Ogden impact
Enterprise could pay out £101.4m more in UK claims than its administrators had predicted, largely owing to the Ogden rate hit on its motor book.
The failed Gibraltarian insurer, which entered administration in late 2016, had been expected to incur claims of £55.7m at the time. However, this is now likely to hit £157.1m.
The reduction of the
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