Reuters logo
BRIEF-Axis Capital comments on impact of UK Ministry of Justice`s reduction of discount rate
March 6, 2017 / 11:11 AM / 9 months ago

BRIEF-Axis Capital comments on impact of UK Ministry of Justice`s reduction of discount rate

March 6 (Reuters) - Axis Capital Holdings Ltd

* announced estimated impact of recent UK Ministry of Justice`s reduction of discount rate

* estimates pre-tax impact of Ogden rate change on carried reserves for relevant lines of business is about $50 million to be recognized in Q1 Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below