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Upstream energy clients were increasingly favouring automatic capacity over traditional follow-only markets, according to George Richardson from broker WTW. This was because of its lack of differentiation between poor-performing construction classes, he said. Willis’s global head of natural resources, Rupert Mackenzie, warned that challenges to insurers’ profitability were increasing. Energy insurers were chasing market share…
The post Upstream energy softening exceeds expectations, follow...
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