Ogden dents Canopius syndicate's 2015 YoA: Argenta

Canopius's Syndicate 958 has revised its profit forecast for
the 2015 year of account (YoA) downwards, after the change to the
Ogden discount rate and other factors hit profits.
Members' agent Argenta Holdings published a note last week
stating that Canopius had resubmitted its forecast to reflect a
loss in the worst-case scenario, which had arisen out of the change
in the Ogden rate used by UK courts for settling accident
victims' liability claims.
This combined with a change to...