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Bertil Olsson will become president and CEO of Oil Insurance Ltd. upon the retirement of Robert Stauffer in January, the Hamilton, Bermuda-based energy mutual insurer announced.
Mr. Olsson previously served as managing director and head of the South Central region of Marsh L.L.C.'s Marsh USA unit. Before that, he served as Marsh USA's managing director and head of its North American energy practice.
Mr. Stauffer, who became OIL's president and CEO in 2005, announced his plan to retire last October.
“We are pleased to have Bertil at the helm of our operations going forward and expect a smooth transition between now and Bob's retirement in early January 2016,” Gerard Naisse and Theo Guidry, the respective chairmen of Oil Insurance Ltd. and Oil Casualty Insurance Ltd., said in a statement. “Bertil is a well-known and highly respected energy insurance professional and brings with him a wealth of energy insurance experience and knowledge. We are confident that he will provide effective leadership within the executive team to continue to grow our respective businesses.”
Robert Stauffer will retire as president and CEO of Oil Insurance Ltd. at the beginning of 2016, Hamilton, Bermuda-based Oil announced Tuesday.