While not every producer is savvy in underwriting the ever-evolving risks attached to the domestic energy market, one thing is certain: It's a boom time.
“The driving opportunity for brokers in the energy sector is the significant growth in the sector itself,” says Michael Klein, president of middle market at Travelers. “When you add to the general resurgence in exploration and production the new and renewed shale discoveries, we see significant growth across the U.S.”
Additionally, there are a lot of players involved in oil and gas exploration, he says. “Brokers can capitalize on the growth in number of middle-market sized firms engaged in energy, whether as owners, operators, or contractors at a well site.”
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