JLT Re poised to halve fac energy team

JLT Re has placed a number of brokers in its facultative energy
team under consultation, with the team expected to downsize from 12
to five, The Insurance Insider can
reveal.
The unit, which places both upstream and downstream energy, is
led by Jeremy Colletta, who is believed to be among the brokers at
risk of redundancy.
Sources said that the team has been hit on two fronts,
necessitating the cost-cutting exercise.
JLT Re has lost business over the last year...