Insight and Intelligence on the London & International Insurance Markets 15 Dec 2017

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Downstream losses hit energy market: JLT

  • Bernard Goyder 3 October 2017
  • Downstream energy losses this year were approaching $2.85bn even before the recent run of Atlantic hurricanes, according to the latest energy report from JLT Specialty.

    This means downstream market losses for the year are now far in excess of annual global premium for the sector, the broker said.

    Click to enlarge Among the most significant claims were the Abu Dhabi National Oil Company refinery fire, which The Insurance Insider has reported will cost (re)insurers more than $1bn, and an Alberta...

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