Insurance buyers are in a strong position to optimize cost and coverage in 2026, as the energy market softens further. Upstream insurers continue to see profitability due to low loss activity, while downstream insurers have suffered $3.5 billion in losses, mainly in the US refining sector. Willis outlines key trends for 2026, including challenges in upstream construction and subsea markets, as well as changes in liability markets. Insurers are simplifying placement structures, yielding premium savings for clients. Energy companies renewing in Q4 2025 and into 2026 have room to negotiate conditions and prices, according to Rupert Mackenzie, global head of natural resources at Willis.

Read more at GlobeNewswire: Rate softening in the energy market shows no signs of