State of energy market could be 'new normal': Willis

Global broker Willis Towers Watson has warned the energy insurance
market may be facing a "new normal" of abundant capacity
in addition to the pressures besetting its clientele.
In its Energy Market Review, released today, Willis said
theoretical total capacity in the upstream market climbed 2.1
percent to $7.7bn for 2016, while capacity in the downstream market
increased from $6.2bn to $6.5bn.
However, the report predicted rate declines would continue to
decelerate in 2017.
Willis commented: "T