Aviva takes $478mn Ogden Rate charge

Aviva has set aside an exceptional charge of £385mn
($478mn) following the decision by the UK government to change the
way personal injury compensation is calculated.In a statement today, the insurer said it would add the sum to its
2016 results, to be reported on 9 March. The sum will not affect
the group's operating profit or its dividend policy.
The UK and European personal lines giant is the latest UK listed
insurer to respond to the change to...