Zurich P&C unit reports milder Ogden impact

Global insurer Zurich reported a mixed bag of results this
morning, as P&C profits missed analyst expectations but the
Ogden impact was better than expected.
The newly defined P&C segment reported a 13 percent rise in
profits to $630mn for the first quarter of the year, but this
excluded the $289mn net impact from the March change to the
UK's Ogden rate, which is used to calculate personal injury
compensation.
The Ogden loss was smaller than the $315mn indicated at...