S&P Affirm Oil Insurance Limited Ratings
Standard and Poor’s has affirmed Bermuda-based Oil Insurance Limited [OIL] 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 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.
