Oil Insurance Limited (OIL) is a Bermuda–based mutual insurance company. It was founded in 1972 by 16 oil companies.
Founding shareholders
The founding shareholders were:
- Amerada Hess Corporation
- Ashland Oil & Refining
- Atlantic Richfield Company
- Champlin Petroleum Company
- Cities Service Company
- Forest Oil Company
- Gulf Oil Corporation
- Marathon Oil Company
- Murphy Oil Corporation
- Petrofina S.A.
- Phillips Petroleum Company