Overcapacity continues to dog energy market: JLT

The energy market is still experiencing rate reductions as
chronic overcapacity in the segment persists, according to broker
JLT.
In its latest quarterly Energy Newsletter, released today, JLT
said the market was increasingly vulnerable to continued stresses
including overcapacity and the reduction in underlying activity
from customers.
The coming year is set to be turbulent for parties on both sides
of the insurance transaction, the broker added.
Premium in the upstream sector has maintained it