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Energy Market Review, November 2018 update - Winds of change

November 19, 2018

Are the winds of change about to blow through the energy insurance markets? A combination of factors including the Lloyd’s PMD initiative, poor underwriting results of some classes internal management pressures have resulted in a change of mood in both the Upstream and Downstream insurance market sectors.

This November 2018 update to our Energy Market Review released in April, capturing the new market trends in preparation for 2019.

This report includes:

  • Upstream – a profitable book, but further significant rate reductions unlikely
  • Downstream – a market turnaround is now a fact, not just an assertion
  • Advice for buyers when approaching the January 1 renewal season
Click on the image to read the November update to our annual Energy Market Review.