Upstream could be entering ‘softening spiral’ as overcapacity persists: WTW
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Upstream could be entering ‘softening spiral’ as overcapacity persists: WTW

Increased reinsurance retentions left some insurers with their worst net results in a decade.

By Samuel Casey
April 16, 2024
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WTW-downstream-energy-spiral.png

A drive from insurers to increase income and an oversupply of capacity could contribute to a “softening spiral” through 2024 in the upstream energy market, according to WTW’s latest energy market review.

The

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