Oil Casualty Insurance in Bermuda Names Hutchings Senior VP, COO

July 20, 2005

George F. Hutchings has joined the OIL Group of Companies in
Bermuda as senior vice president and chief operating officer of Oil Casualty Insurance Ltd.

His professional career has taken him from corporate finance to venture capital and then on to insurance and reinsurance when he returned home to his native Bermuda in 1990. Hutchings started his professional career with Chase Manhattan Bank in 1981 as a loan officer in the petroleum group. From there, he joined Infotechnology Inc., a New York based venture capital firm that specialized in investing in early stage technology based companies.

In 1990, he returned to Bermuda joining Zurich International (Bermuda) Ltd. as its vice president of underwriting and marketing just as the market for structured insurance and reinsurance products began to develop. A year later, he joined Centre Solutions (Bermuda) Ltd. as vice president of underwriting to help the company develop its structured insurance underwriting capabilities to internationally based Fortune 1000 companies. Most recently, he worked for Risk Intermediation Structured Capital (Bermuda) Ltd. as its executive vice president.

Oil Casualty Insurance Ltd. (OCIL), established in 1986, is an excess liability insurance company owned by companies in the energy industry. OCIL is a major provider of excess general liability insurance. OCIL is one of the three members of The OIL Group of Companies, with the other two members being Oil Insurance Limited (OIL) and sEnergy Insurance Ltd.

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