Rates continue to slide in energy market: JLT

Chronic overcapacity and a reduction in underlying activity from
customers continued to hamper the energy market in 2016, leading to
further rate reductions, according to JLT.
In its latest quarterly energy newsletter, released on 3
January, JLT said the coming year was set to be turbulent for
parties on both sides of the insurance transaction.
In the
upstream sector premium has maintained its downward trajectory,
although capacity remains firm. This has resulted in dramatic price
reductions whe