21 April 2018

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Downstream market braces for further deterioration

9 April 2018

The appalling 2017 loss record for the downstream energy (re)insurance market, already conservatively estimated at $5.5bn, is likely to worsen due to further deterioration on major man-made losses.

Such was the warning made by Willis Towers Watson in its latest Energy Market Review, which noted that no fewer than 13 losses in excess of $100mn were recorded in 2017, compared to nine in 2016 and just three in 2015.

Although four of the 13 claims in excess of $100mn were...

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