Sanctions hit $100mn of upstream income amid small rate rises: Marsh
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Sanctions hit $100mn of upstream income amid small rate rises: Marsh

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Russian sanctions have removed around $100mn of potential revenue for profitable upstream premium from the market, where continued oversupply of capacity is leading to improved conditions for clients, according to Marsh.

The broker said in its quarterly energy report that the capacity surplus was leading to competition among insurers, shifting market dynamics in favour of clients.

“While

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