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BRIEF-Fitch revises UK non-life company market insurance sector outlook to negative
March 9, 2017 / 4:25 PM / 9 months ago

BRIEF-Fitch revises UK non-life company market insurance sector outlook to negative

March 9 (Reuters) - Fitch:

* Fitch revises UK non-life company market insurance sector outlook to negative

* Fitch on UK non-life insurers - Believes many insurers will have used up significant proportion of reserve buffers to absorb impact of lower ogden discount rate

* Fitch on UK non-life insurers - Expects following change in ogden discount rate insurers margins will come under further significant pressure in 2017

* Fitch on UK non-life insurers - Expect higher lump sum claims settlements to also drive substantial price increases for reinsurance cover Source text for Eikon:

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