Motor reinsurers aim to double rates at 1 July

Reinsurers are attempting to push through UK motor rate
increases of as much as 100 percent at the 1 July renewals as they
look to transform the pricing landscape following the swingeing
reduction to the Ogden rate.
The 1 July renewals mark the first major test of the impact of
the -0.75 percent Ogden rate, which was announced in February and
came into force on 20 March.
EY earlier this month estimated the market impact of the cut at
£3.5bn...