Best's Journal: Specialty Group of Insurers Responding Well to Fast-rnChanging Energy Market

摘要

2014 AUG 8 (VerticalNews) -- By a News Reporter-Staff News Editor at Energy Business Journal -- Specialty insurers and industry captives operating in the energy sector consistently have produced positive operating results over the most recent five years (2009- 2013), as measured by pretax operating returns, according to the centerpiece report in the latest edition of Best's Journal, a biweekly publication that presents A.M. Best's original research, analysis and commentary on the global insurance industry. The report, titled "Specialty Energy Insurers Keep Pace with U.S. Customers, Competitors," states that the challenging business environment energy companies face means that the specialty group of insurers need to remain responsive to the needs of their insured constituents. It is estimated that the U.S. energy industry pays annual premiums between USD 11 billion and USD 18 billion. Amid continuing consolidation, premium growth will be hampered; however, the specialty group's projected premium growth in 2014 ranges between 4% and 5%.