Daily Digest: Markel on energy market discipline, Cyber rates fall at 7/1, FCA extends non-financial misconduct rules

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Energy markets must focus on discipline and customer outcomes: Markel’s House Energy underwriters face increasing challenges in maintaining appropriate pricing levels in a market that remains saturated with capital, according to Markel’s director of energy, Ben House. However, in an increasingly volatile economic and geopolitical environment, House argues it is crucial for the energy insurance market to maintain underwriting discipline "so our clients don’t suffer over the longer term”.