PR Newswire: news distribution, targeting and monitoring
2014

Oil Insurance Limited A- Financial Strength Rating Affirmed by Standard and Poor's With Stable Outlook

Share with Twitter Share with LinkedIn

HAMILTON, Bermuda, November 21, 2012 /PRNewswire/ --

Oil Insurance Limited (OIL) announced today that Standard and Poor's has affirmed OIL's A- financial strength rating with a Stable Outlook. 

President and CEO Robert Stauffer commented that "as a result of the high credit quality of our membership, strong capitalization and operational flexibility, OIL has maintained its A- financial strength rating since September 2005. "

Oil Insurance Limited (OIL) insures nearly two trillion dollars of global energy assets for more than fifty members with property limits up to $300 million availing more than eleven billion dollars in total A- rated property capacity. Members are medium to large sized public and private energy companies with at least $1 billion in physical property assets and an investment grade rating or equivalent. Products offered include Property (Physical Damage), Windstorm, Non Gradual Pollution, Control of Well, Terrorism, Construction and Cargo. The industry sectors that OIL protects include Offshore and Onshore Exploration & Production, Refining and Marketing, Petrochemicals, Mining, Pipelines, Electric Utilities and other related energy business sectors.

Further inquiries regarding this press release should be directed to Barry Brewer, VP Marketing barry.brewer@oil.bm +1-441-278-1132


SOURCE Oil Insurance Limited (OIL)



Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn

Next in Gas News

 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release