OIL to lose 9 members at 1/1
Bermuda-based oil industry mutual group, Oil Insurance Limited (OIL) has announced that nine of its shareholders will withdraw from the mutual and not renew their policies with effect January 1, 2007.
OIL said that collectively, these nine shareholders had gross assets representing approximately 12% of the weighted gross assets insured by OIL immediately prior to withdrawal. OIL currently lists 84
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