Oil Insurance Limited A- Financial Strength Rating Affirmed by Standard and Poor's With Stable Outlook

PR51440

HAMILTON, Bermuda, Nov 21, 2012 /PRN=KYODO JBN/ --

     Oil Insurance Limited (OIL) announced today that Standard and Poor's has

affirmed OIL's A- financial strength rating with a Stable Outlook.

    President and CEO Robert Stauffer commented that "as a result of the high

credit quality of our membership, strong capitalization and operational

flexibility, OIL has maintained its A- financial strength rating since

September 2005. "

    Oil Insurance Limited (OIL) insures nearly two trillion dollars of global

energy assets for more than fifty members with property limits up to $300

million availing more than eleven billion dollars in total A- rated property

capacity. Members are medium to large sized public and private energy companies

with at least $1 billion in physical property assets and an investment grade

rating or equivalent. Products offered include Property (Physical Damage),

Windstorm, Non Gradual Pollution, Control of Well, Terrorism, Construction and

Cargo. The industry sectors that OIL protects include Offshore and Onshore

Exploration & Production, Refining and Marketing, Petrochemicals, Mining,

Pipelines, Electric Utilities and other related energy business sectors.

    Further inquiries regarding this press release should be directed to

    Barry Brewer, VP Marketing

    barry.brewer@oil.bm

    +1-441-278-1132

    SOURCE: Oil Insurance Limited (OIL)