28-02-2017 14:32 via insuranceinsider.com

ERS to resubmit Lloyd's returns following Ogden decision

ERS Syndicate Management Limited will resubmit its year-end returns
to Lloyd's on 10 March as a result of the UK government's
change to the Ogden rate.
The resubmission will include a full and final reassessment of
the judgement, which saw Justice Secretary Liz Trusscut the Ogden rate from 2.5 percent to minus 0.75 percent on
Monday.
According to a note from Argenta, which arranges Names capital,
ERS had expected to close the 2014 account as at 31 December 2016....
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