Global Risk Exchange To Provide Services to OIL

June 20, 2001

The on-line risk management service Global Risk Exchange announced that it had concluded a deal with Oil Insurance Ltd. and its subsidiary Oil Casualty Insurance Ltd. to provide them with a new technology platform.

The two mutual companies, which are controlled by a number of large energy producers, plan to use the new capabilities “in conjunction with our broker, insurance, and reinsurance partners to offer enhanced services and market capacity to our influential membership,” said Jack Wesley President and CEO of OIL and OCIL.

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