global energy market News

Continuing uncertainty surrounding the application of cyber-exclusion clauses is eroding the value of insurance and causing mounting concern among global energy firms, according to Marsh’s latest Energy Market Monitor. The inclusion of so-called “CL380 clauses,” which are currently imposed across …

Recent natural catastrophe losses, including last year’s Hurricane Sandy, have prompted “a mild hardening in the Downstream Energy insurance market, so much so that some Downstream insurers may be on the cusp of withdrawing from the market,” according to Willis …