21 April 2018

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Deterioration in 2015 losses hits upstream energy carriers

11 April 2017

Insurers in the upstream energy market are being "significantly impacted" by the deterioration of losses incurred in 2015, amid a continuing environment of declining premiums and increasing capacity, according to a report released today (11 April).

In its April 2017 Energy Market Review, Willis Towers Watson noted that 2015 upstream energy losses now total just over $5bn - the highest such total for five years.

And in the downstream market, the broker added, 2016 losses currently stand at $2.58bn, significantly...

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