ocil specialty

Name

ocil specialty

Legal name

OCIL Specialty Ltd

Website

https://osl.bm

Company type

Private

Operating status

Operating

Ownership category

akta.pro rank

Product category

Specialty Property and Casualty Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Energy & Power Specialty (Onshore/Offshore) (FSAJAGAI)

Keywords

• Property casualty insurance
• Excess liability coverage
• Energy industry insurance
• Specialty insurance underwriting
• Reinsurance services

Headquarters

HQ city

Hamilton

HQ country

Bermuda

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premiums: OSL operates as a Class 3A insurer licensed by the Bermuda Monetary Authority, writing property and casualty insurance business. Revenue is generated through insurance premiums collected from policyholders in the energy industry.

Core offering

OCIL Specialty Ltd (OSL) operates as a Class 3A insurer licensed by the Bermuda Monetary Authority, writing property and casualty insurance business with a focus on the global energy industry. The company is an indirectly wholly-owned subsidiary of Everen Specialty, Ltd., and provides specialized insurance and reinsurance products including property, casualty, excess liability, and reinsurance coverage tailored for energy sector risks.

Product overview

OCIL Specialty Ltd (OSL) is a single-product insurance company offering Property & Casualty Insurance. The company operates as a Class 3A insurer licensed by the Bermuda Monetary Authority, providing insurance coverage focused on the energy industry. OSL is a wholly-owned subsidiary of Everen Specialty Ltd., which provides excess liability, property and reinsurance services.

Differentiator

Problem solved

Functional benefit

Products and services

• Property and Casualty Insurance

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Everen Specialty, Ltd.coreOthersOSL is an indirectly wholly-owned subsidiary of Everen Specialty, Ltd. Everen Specialty is an insurance and reinsurance company providing excess liability, property and reinsurance with a focus on the energy industry. Note: Everen Specialty is NOT authorized to transact business in the United States and Canada.

Recent moves4 records

Expansion highlights3 records

Direct peers

• Everen Specialty: Parent company and most direct comparable: a Bermuda-domiciled specialty insurer/reinsurer focused on global energy industry property, casualty, and excess liability risks. Operates in substantially the same product, customer, and regulatory space as OSL.
• Aspen Specialty Insurance Company: Bermuda-headquartered specialty P&C insurer writing energy, marine, and other complex property and casualty lines through Lloyd's and Bermuda platforms. Competes with OSL for international energy accounts with overlapping excess liability and property offerings.
• Liberty Specialty Markets (Liberty Mutual): Bermuda and London-domiciled specialty insurer with a dedicated Energy unit writing property, construction, and liability coverage for upstream, midstream, and downstream energy risks. Directly overlaps OSL's energy P&C and excess liability product set.
• Convex Group: Bermuda-based specialty P&C insurer and reinsurer writing complex property, casualty, and energy risks globally. Targets the same international specialty broker channel and reinsurance relationships as OSL.

Broad incumbents

• Allianz Global Corporate & Specialty: Large global corporate specialty insurer with a dedicated Energy and Construction unit writing property, liability, and engineering lines for energy clients. Significantly larger than OSL but competes in the same energy insurance vertical.
• AXA XL: Major specialty P&C insurer with deep Energy, Property, and Casualty capabilities serving global energy clients through Bermuda and Lloyd's platforms. A broader incumbent competing for the same specialty energy accounts.
• Tokio Marine HCC: International specialty insurance group with energy, marine, and excess casualty offerings for global energy clients. Overlaps with OSL's energy P&C and excess liability product set.
• Munich Re: World's largest reinsurer with a dedicated Energy specialty team accepting energy P&C and liability reinsurance from primary carriers like OSL. Functions as both a competitor (reinsurance layer) and capacity provider.
• Swiss Re: Major global reinsurer with established Corporate Solutions and energy specialty capabilities providing reinsurance capacity and competing for direct energy specialty accounts alongside OSL.

Emerging players

• Beazley: Specialty insurer expanding into energy and environmental liability lines through its Specialty Risks division. A specialty-focused peer competing for selective excess liability and energy placements in international markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ocil specialty