Hannover Re predicts limited impact from Ogden

Hannover Re may prop up its motor excess-of-loss reserves following
the change to the UK Ogden rate, but believes the ultimate losses
will not materially affect the company, according to CEO Ulrich
Wallin.
Wallin told analysts during an earnings presentation that the
company writes around £50.0mn ($60.8mn) of motor
excess-of-loss business in the UK, according to a Seeking Alpha
transcript.However, he added that the high attachment points of between
£5mn and £8mn meant it was un