September 8, 2017 / 10:41 AM / in a month

BRIEF-Fitch says Ogden reform will partly reverse UK insurer earnings hit​

Sept 8 (Reuters) -

* Fitch says Ogden reform will partly reverse uk insurer earnings hit​

* Fitch says the ‍UK government’s planned reforms of ogden discount rate will partly reverse earnings hit caused by previous change to rate in february​

* Fitch says ‍the UK government’s planned reforms of ogden discount rate could also increase insurers’ exposure to longevity risk

* Fitch says proposed change in ogden rate could leave premiums broadly flat for rest of year, but is unlikely to materially reverse recent increases​

* Fitch says ‍given the announcement, competitive nature of uk reinsurance market, expect reinsurance pricing to increase modestly in Jan 2018 renewal period​ Source text for Eikon:

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