IUA calls for Ogden rate reform

The International Underwriters Association (IUA) has called for
the UK government to break the tie between the Ogden rate and
inflation-linked gilts.
The IUA, which represents London's company market carriers,
wrote to Liz Truss, the Lord Chancellor, to express its dismay at
the recent change to the UK discount rate, which is used to
calculate compensation payments.
IUA CEO David Matcham said in a statement today: "It is
clear that the process to review and amend the discount rate is...