Energy buyers face further market upheaval with downstream rates up by 30%: Marsh

Energy buyers have one “safe harbour” in the upstream energy market, with all other classes under “extreme stress” to provide capacity and rates rising, Marsh JLT Specialty said in its latest market bulletin. Upstream energy is out of line with “improved economics” for insurers in other energy classes, with rate rises of 5% at the beginning of this year slipping…

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