Downstream Energy Market Update Q1 2024

The Downstream Energy market in 2024 favours clients with a return to profitability and increased capacity

The Downstream Energy market in 2024 shows positive signs for clients with a return to profitability, increased capacity, and a softening of rating trends. Ongoing monitoring is crucial for areas like ESG, business interruption, and valuations. Clients with well-engineered risks and robust loss records may experience reductions in rating, marking a shift towards a more favorable market dynamic.


Glyn Davies

Head of Downstream | Energy, Power & Renewables

+44 7957 776395 

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Glyn began his career at Jardine Insurance Brokers International Limited in 1994 where he worked in the Energy Division and gained experience in all areas of the business from Broking and Account Management right through to Policy Wordings and Claims Settlement. In 1999, Glyn moved to the Energy Division of Aon Ltd where he worked as an Account Executive for various large North American and Latin American Clients. Glyn was promoted to the role of Director in 2008 of the then Aon Natural Resources and Construction Division. He joined Alesco Risk Management in August 2009.

Over the course of Glyn’s 28-year career, he has gained valuable experience in all areas of the business including, Onshore and Offshore Energy and Power risks (both Construction and Operational), Hull and Cargo, Marine Liability, Control of Well, Employers Liability and Business Interruption programmes. Glyn has experience in providing Technical skills for Energy and Power clients, including programme design and marketing strategies, and all aspects of day-to-day client servicing.