Upstream energy premium down 45%: JLT

Upstream energy (re)insurance premium income for 2015 is likely
to be down by as much as 45 percent on the preceding year,
according to JLT Specialty.
In its January energy newsletter, the broker said that a
"rout" in oil and gas commodity prices had capped "a
most traumatic year for upstream energy clients" and was
likely to have a dramatic knock-on effect for (re)insurers.
John Cooper, JLT Specialty's senior partner and chief
operating officer for the energy division, told sister...