Fragile energy market nearing 'cliff edge': JLT

The energy insurance market is approaching a pricing "cliff
edge" as the sector continues to struggle with both
overcapacity and the downturn in the global energy industry,
according to JLT.
In the broker's Energy Newsletter for March, released last
week, JLT said the market appeared increasingly fragile, and
participants across all classes were seeking to lock in current
pricing levels wherever possible.
Underwriting teams across the market were operating with
combined ratios in excess of 100 p