Ogden decision 'incredibly badly handled': Pryce

Richard Pryce, CEO of QBE's European operations, has
criticised the UK Ministry of Justice for the timing and scale of
its Ogden rate decision, which was announced earlier today.
The UK government shocked carriers by announcing a far
steeper-than-expected cut to the discount rate shaved off lump-sum
personal injury payments to claimants.
Most insurers and analysts were anticipating a move from the
current 2.5 percent to either 1.0 percent or 1.5 percent, but
Justice Secretary Liz Truss cut the s