OIL full year 2010

Energy mutual posted another strong set of figures

Graham Village

BERMUDIAN energy insurance mutual Oil Insurance Ltd (OIL) confirmed its recovery since the crisis-affected 2008 year with another strong performance last year, although net profit fell 29% to $781.8m. Shareholders’ funds climbed to $3.2bn from $2.48bn and at December 31, 2010 were 117.5% up on the level two years before.