Oil Insurance Limited (OIL) Unveils Redesigned and Enhanced Website

HAMILTON, Bermuda, Sept. 10, 2012 /CNW/ - Oil Insurance Limited (OIL) announced today the unveiling of its re-designed website providing easier access and navigation to information about OIL for members and brokers on a 24 x 7 basis. The site is intended to overview OIL's offered products, the 8 energy industry segments that OIL serves and information to enable a full understanding of OIL's value to the global energy industry.  Featured within the new website are secure MEMBER and BROKER areas that require registration for password access.  The secure member area provides: a single location to view upcoming OIL related events, receive company communications, make claim notifications, view claim contacts and procedures, and access OIL specific member information. The new broker's area offers links to: recent broker communications and updates, OIL presentations, quick premium indications, and access to OIL specific information. In addition, members and brokers will have access to an OIL 'Toolbox' area.

Robert Stauffer, OIL Chief Executive Officer stated:  "The OIL rating and premium system is unique and considerably different to the commercial market with distinct benefits and value. The 'language' of OIL is also different and it needs to be learned and understood. The new website is intended to help members and brokers fully understand and value the OIL system by enabling them to speak the language of OIL."

George Hutchings, OIL Chief Operating Officer stated: "The enhancements to the new website are responding directly to member and broker feedback and offers a better platform for the distribution of OIL specific information. It will also provide a home for OIL's soon to be released 'OIL Technical Accreditation (OTA)', an 'innovative online training module that will be released this Fall."

Oil Insurance Limited (OIL) insures approximately two trillion dollars of global energy property assets for more than fifty members with limits up to $300 million. In the aggregate OIL currently provides the energy industry with more than eleven billion dollars of property coverage. Products offered include Property (Physical Damage), Windstorm, Non Gradual Pollution, Control of Well, Terrorism, Construction and Cargo. The industry sectors that OIL insures include Offshore and Onshore Exploration & Production, Refining and Marketing, Petrochemicals, Mining, Pipelines, Electric Utilities and other energy related business sectors.

SOURCE: OIL Insurance Limited (OIL)

Further inquiries regarding this press release should be directed to: Barry Brewer, VP Marketing. [email protected] +[phone]