RSA Group CEO Stephen Hester responds to the Ogden rate change
Following the Lord Chancellor's decision to set the personal injury discount rate at -0.25%, RSA has issued the following response:
“Frustratingly, this outcome fails to solve many of the problems that the review set out to address. RSA is fully committed to fairly compensating and supporting claimants who have suffered serious injuries, but movement from -0.75 to -0.25 still reflects an unduly pessimistic view of investment outcomes, and risks continuing to drive premium increases and costs to the taxpayer.”
Stephen Hester, RSA Group Chief Executive.
With a 300-year heritage, RSA is one of the world’s leading multinational insurance groups. Today, RSA employ around 23,000 people, serving 17 million customers in around 140 countries. While RSA's origins lie in London, RSA is a global company with businesses in both mature and emerging markets. RSA have major operations in the UK, Ireland, Scandinavia, Central and Eastern Europe, Canada, Asia, the Middle East and Latin America. youTalk-insurance sharing insurance news and video.
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