OCIL Enters Agreement With Iron-Starr Excess
Oil Casualty Insurance, Ltd. [OCIL] announced that Iron-Starr Excess Agency Ltd. [Iron-Starr] and OCIL have entered into an agreement whereby Iron-Starr will be underwriting certain lines of insurance on behalf of OCIL.
Effective immediately, Iron-Starr will begin underwriting Transactional Liability, Directors & Officers Liability and Cyber Liability for OCIL with maximum lines sizes of five million EURO, USD, or GBP.
Jerry Rivers, COO of OCIL commented, “OCIL is pleased to expand its relationship with the Ironshore Group while implementing our strategy to diversify our risk profile by expanding industry segments and coverages.
“It is important to us that our growth is accretive to our bottom line which requires partnering with individuals and firms that have the expertise and production platforms that OCIL can rely upon.
“We have found that partnership in Iron-Starr for specialty lines of business such as Transactional Liability, Cyber Liability and Directors and Officers Liability.”
