'Perfect storm' hurting offshore market: IUMI

The combination of low oil prices, strong competition and
alternative capital is creating a "perfect storm" in the
offshore energy market, according to the International Union of
Marine Insurers (IUMI).
Speaking at the trade body's annual press conference in
London today, IUMI president Dieter Berg said despite the
challenges there were signs the situation had improved as the price
of oil had begun to stabilise.
He said: "Still there is some hope as the oil price has
seemed to have...