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Transcript of WE ARE - Oil Insurance Limited are OIL.pdf · cities service cleco cms energy conocophillips...
www.oil.bm
WE AREWE ARE
W E A R E O I L
Oil Insurance Limited (OIL) was established in 1972 in response to significant changes in the insurance industry. Major event losses on Lake Charles, Louisiana and off the coast of Santa Barbara, California had made it difficult, if not impossible, for energy companies to secure adequate, affordable coverage. An innovative alter-native was introduced in the form of OIL, a mutually owned insurance company where the insureds are the shareholders.
BECOME PART OF OUR SUCCESS STORY
Should your company wish to become a member and gain access to the full value of OIL’s “cornerstone” capacity, you are invited to contact us for further information... or simply contact your broker.
George Hutchings
Senior Vice President,
Chief Operating Officer
T. +1 (441) 278-1123
www.oil.bm
Theresa Dunlop
Vice President, OIL
T. +1 (441) 278-1147
Barry Brewer
Vice President, Marketing
T. +1 (441) 278-1132
“ OIL is an integral part of our insurance program. Its broad and stable coverage makes OIL a key element in building sufficient and meaningful insured limits, and typically does not restrict simply because of unfavorable market events. As a member-focused mutual, OIL responds to members’ concerns and makes decisions based on what is best for the shareholder body and not on what drives profits. Also, being a member of OIL provides the opportunity to network with others who share similar insurance needs.“
James D. Lyness
Chevron
Member since 2002 (under current name)
EVOLVING WITH MEMBERS’ NEEDS
“ The breadth of OIL’s product offering is tailored to meeting the specialised risks faced by companies participating in today’s energy industry. It is an important part of the toolbox of mechanisms available for managing risk well. As a mutual, OIL has demonstrated the ability to improve its product to meet the changing needs of its members, as industry conditions develop. Woodside’s membership of OIL is a central part of Woodside’s overall risk program.”
Damien Gare
Group Manager Risk and Insurance
Woodside Petroleum
Member since 2003
COLLABORATIVE, FOCUSED AND RESPONSIVE
“ ...the collegial atmosphere among shareholders provides an excellent opportunity to share experiences and glean knowledge and advice from individuals who have dealt with specific issues and challenges before.”
“ We particularly value OIL’s pragmatic approach to claim resolution, including the swift response time and focusing on the core areas of dispute to resolve the claim as rapidly as possible.”
Andre Levey
Group Insurance Manager
Santos
Member since 2003
“ One of the major benefits of the OIL coverage is that it is non-judgmental and indiscriminate in that it applies to all of our assets and is not subject to the volatility we commonly see in the commercial market. OIL provides coverage regardless of the latest headlines or incidents on a global basis.”
Roberto Benzan
Manager, Corporate Risk Management Insurance, Enterprise Risk, Loss Control Engineering
Husky Energy
Member since 1986
“ A swift response and pragmatic approach to claim resolution”
Andre Levey
Group Insurance Manager
Santos
Member since 2003
Roberto Benzan
Manager, Corporate Risk Management Insurance, Enterprise Risk, Loss Control Engineering
Husky Energy
Member since 1986
AMERICAN ELECTRIC POWER
AMINOIL
APACHE
ARKEMA
ASHLAND OIL
ATLANTIC PETROLEUM
ATMOS
BASF
BASSELL
BG GROUP
BHP BILLITON PETROLEUM
BOREALIS
BP AMERICA
BP NORTH AMERICA
BP PLC
BUCKEYE PARTNERS
BURLINGTON NORTHERN
BURMAH OIL
CALTEX AUSTRALIA
CANADIAN NATURAL RESOURCES
CANADIAN OIL SANDS
CENTREPOINT
CEPSA
CHAMPLIN PETROLEUM
CHEVRON
CHEVRON PHILLIPS CHEMICAL
CHEVRON TEXACO
CITGO PETROLEUM
CITIES SERVICE
CLECO
CMS ENERGY
CONOCOPHILLIPS
CONSOLIDATED NATURAL GAS
CROWN CENTRAL PETROLEUM
DIAMOND SHAMROCK OIL & GAS
DONG
DRUMMOND
DTE
DUKE
DYNEGY
EL PASO
ÉLECTRICITÉ DE FRANCE
ENCANA
ENCOR
ENERGY TRANSFER PARTNERS
ENI S.P.A.
ENTERGY
ENTERGY-KOCH
ENTERPRISE OIL
EPCO
EQUILON ENTERPRISES
EQUISTAR CHEMICALS
EXXONMOBIL
FOREST OIL
MEMBERSHIP HISTORY
More than 150 companies have joined OIL through its first 40 years of operation – a true testament to our value proposition and our ability to meet members’ ongoing needs. This register illustrates OIL’s evolving membership. Some of the members from the early days remain today, while others have merged, been acquired or wound down. As of 2012, there are more than 50 current and active members who find important value in OIL’s coverage for their global operations.
CITIES SERVICE
CLECO
CMS ENERGY
CONOCOPHILLIPS
CONSOLIDATED NATURAL GAS
CROWN CENTRAL PETROLEUM
DIAMOND SHAMROCK OIL & GAS
DONG
DRUMMOND
DTE
DUKE
DYNEGY
EL PASO
ÉLECTRICITÉ DE FRANCE
ENCANA
ENCOR
ENERGY TRANSFER PARTNERS
ENI S.P.A.
ENTERGY
ENTERGY-KOCH
ENTERPRISE OIL
EPCO
EQUILON ENTERPRISES
EQUISTAR CHEMICALS
EXXONMOBIL
FOREST OIL
FPL GROUP
FREEPORT-MCMORAN
GALP
GENERAL AMERICAN OIL COMPANY OF TEXAS
GENERAL CRUDE OIL
GULF OIL
HESS
HOVENSA
HUSKY
KERR-MCGEE
KINDER MORGAN
KOCH INDUSTRIES
KUWAIT PETROLEUM
LOOP
LOUISIANA LAND AND EXPLORATION
LYONDELLBASSELL
MAPCO
MARATHON OIL
MARATHON PETROLEUM
MARINER
MERAS INTERNATIONAL
MOL
MOTIVA ENTERPRISES
MURPHY OIL
N.I.
NEXEN
NISOURCE
NOBLE
NORSK HYDRO
NORTHERN RESOURCES
NOVA CHEMICALS
NSTAR
OCCIDENTAL PETROLEUM
OCEAN
OGE
OMV AKTIENGESELLSCHAFT
ONTARIO POWER GENERATION
PACIFIC GAS AND ELECTRIC
PARAMOUNT RESOURCES
PEMEX
PETRO-CANADA
PETROFINA
PHILLIPS 66
PHILLIPS PETROLEUM
PRAXAIR
PRIDE COMPANIES
PROGRESS
PUERTO RICO ELECTRIC POWER AUTHORITY
RANGER OIL
RELIANT
REPSOL YPF
ROYAL DUTCH SHELL
ROYAL VOPAK
SANTOS
SASOL
SEMPRA
SHELL CANADA
SHELL OIL
SOUTHERN
SOUTHERN UNION
STATOIL
SUNCOR
SUNOCO
SUPERIOR OIL
TALISMAN
TENASKA
TENNECO
TESORO
THE SINCLAIR COMPANIES
TOTAL
TXU
UNOCAL
UNO-VEN
VALERO
VICKERS
VISTA CHEMICAL
WESTLAKE CHEMICAL
WILLIAMS COMPANIES
WOODSIDE
XTO
YARA INTERNATIONAL
Jacques AuriolTotal Compagnie
Charles L. BaileyTenneco
Colin R. BarnesPhillips Petroleum
Roberto BenzanHusky
Edgar H. GermerAtlantic Richfield
Paul D. GregoryPetrofina S.A.
Theodore Guidry Valero
Brian J. HendersonOryx
Edward J. KettelAtlantic Richfield
Douglas A. KlineSun Oil
John R. KingTenneco
Keith S. KennedyStandard Oil
David S. PlattTalisman
James A. McCulloughUnion Oil
Michael McNerneyMobil Oil
Gerard E. ModeckiMarathon Oil
Paul PhillipsMurphy Oil
Martin C. RecchuiteAtlantic Richfield
Ted RhodesContinental Oil
Robert J. StinePhillips Petroleum
C. Jeffrey TrippletteDuke Energy
Charles E. TrolingerDiamond Shamrock
Frank R. TierneyConsolidated Natural Gas
Lindsay P. MulkernShell Oil
FOUNDATION OF OIL
OIL is owned and operated by its members. The Board of Directors over the years reflects the cross section of energy companies that have benefited from accessing OIL’s coverage. This international group of energy risk management professionals is directly engaged in representing the interests of the members. Thanks in part to the dedication and expertise of these Directors, OIL has continued to evolve and remain relevant to its membership.
Alvin A. Da CostaMobil
John W. DumasMurphy Oil
J.S. EtheredgeConoco
John G. FauldsRanger Oil
Giancarlo FraticelliPadana Assicurazioni
William HowardForest Oil
James F. Hughes, IIIConocoPhillips
Trygve ImslandStatoil
Philip G. JohnsonBG Group
Russell G. JonesTenneco
Gregory J. LaSalleOccidental Petroleum
Thomas S. ListerStandard Oil
James D. LynessChevron
Russell D. MadiganChamplin Petroleum
W. Rudd MarloweUltramar Diamond Shamrock
Virgil J. MassaroConoco
David W. CasselberryPhillips Petroleum
David L. HuffAshland
Donald K. BrownUnocal
Richard C. KeadyShell Oil
Charles K. MorganMarathon Oil
Gerard NaisseTOTAL
William M. NolanMarathon Oil
Pietro NoviaFinas
George ObolenskyShell Oil
Fabrizio MastrantonioEni
Jean-Paul RochetteA.S. Industriforsikring
Henry R. RossellSun Oil
T. Michael SheltonOccidental Petroleum
Marc Van ReethPetrofina S.A.
Jerry W. WatkinsMurphy Oil
Jack L. WesleyShell Oil
Mark F. WilsonLyondell Chemical
Jack D. WhitelawExxonMobil
Mariano ViciEnte Nazionale Idrocarburi
Robert C. VryhoffSunoco
Stan ShermanStandard Oil
Robert D. StaufferDiamond Shamrock
Doyle StephensShell Oil
Rowland PaganAshland
Gian Piero PapettiFinas
William S. SmithMarathon Oil
C.A. JohnsonCities Service
J.S. DimlingMarathon Oil
A.G. DouglasShell Canada
T.E. DouglassStandard Oil
J.M. DoylePhillips Petroleum
J.E. BuckensPetrofina S.A.
A.B.S. LowryExxonMobil
A.W. MayneAshland Oil
C.E. NiedererMurphy Oil
Paul D. PhillipsMurphy Oil
J.A. EdwardsGulf Oil
L.E. Grattan, Jr.Standard Oil
L.V. PoulsonKerr-McGee
B.F. ThomsonBHP Billiton International
MEMBERS PHOTOS UNAVAILABLE:
“ Being a member of OIL provides the opportunity to network with others who share similar insurance needs.“
“ Being a member of OIL provides the opportunity to network with others who share similar insurance needs.“
W E A R E O I L
Oil Insurance Limited (OIL) was established in 1972 in response to significant changes in the insurance industry. Major event losses on Lake Charles, Louisiana and off the coast of Santa Barbara, California had made it difficult, if not impossible, for energy companies to secure adequate, affordable coverage. An innovative alter-native was introduced in the form of OIL, a mutually owned insurance company where the insureds are the shareholders.
BECOME PART OF OUR SUCCESS STORY
Should your company wish to become a member and gain access to the full value of OIL’s “cornerstone” capacity, you are invited to contact us for further information... or simply contact your broker.
George Hutchings
Senior Vice President,
Chief Operating Officer
T. +1 (441) 278-1123
www.oil.bm
Theresa Dunlop
Vice President, OIL
T. +1 (441) 278-1147
Barry Brewer
Vice President, Marketing
T. +1 (441) 278-1132
www.oil.bm
WE AREWE ARE
