Swiss Re faces Ogden reserves adjustment

Swiss Re appears to have been caught off guard with its
reserving policies after the government last week cut 3.25
percentage points from the discount rate shaved off lump-sum bodily
injury compensation.
A Swiss Re spokeswoman said that until the 27 February rate cut,
the company had been reserving at 2.5 percent but noted the rate
cut could also change its assumptions about periodic payment
orders.
"We will not comment at this stage on any of our findings
until these...