For energy buyers, the practical effect is likely to be a deeper bench of London capacity and more syndicates willing to participate on upstream and midstream programmes, even as peers on the Continent continue to tighten parts of their fossil-fuel appetites. For underwriters, the opportunity arrives with familiar caveats: casualty tails tied to transition risks, exposure to heat- and wildfire-related attritional losses onshore, and the need for tighter wordings on pollution, seepage and decommissioning.