OCIL

Direct Insurance

When providing insurance, OCIL can do so directly or as reinsurance coverage of the company’s captive insurance company. The policies are identical except for minor differences in wording to reflect the fact that the reinsurance policy is designed for use in accessing OCIL via an insurance subsidiary.

Target Industries

• Energy (Upstream, Midstream, Downstream)
• Mining & Metals
• Transportation
• Manufacturing
• Chemicals
• Commercial Construction & Real Estate
• Retail

Policy Conditions

Territory: Worldwide
Currency: U.S. Dollars or acceptable Foreign Currencies
Governing Law: New York State
Mandatory Arbitration: London, England

Foreign Currency Policies

OCIL has the ability to provide policies in GBP, CAN$, EURO, AUS$, US$

Limits & Attachments

Flexibility in limits and attachments

Maximum Limits

$75,000,000 (Claims Made; Follow Form AEGIS, Occurrences First Reported, etc.)

$25,000,000 (Occurrence, Claims Trigger)

Minimum Limit

$25,000,000 for Shareholder members
There is no minimum limit for Non-Shareholder insureds

Flexible Layering

Coverage may be in multiple non-contiguous layers or on a quota share basis

Excess Liability Forms

Most common follow forms are available