Oil Insurance & Oil Casualty Insurance [OIL & OCIL] have set up a special fund to assist with the ongoing Covid-19 crisis, and have donated over $350,000.
A spokesperson said, “OIL & OCIL have responded to the need for ongoing community support primarily to help struggling families. The companies, who annually support approximately 30 charities, set up a special fund to specifically assist with Covid-19 crisis funds.
“The focus of the grants was to assist Bermuda based charities who doing extraordinary work on the social need front lines.”
Gail Miller, Vice President – HR & Admin for OIL & OCIL, said, “Our senior leadership team recognized there was an additional need to support Bermuda in excess of our annual charity budget and readily agreed to a special fund to be used to provide much-needed support to families during this crisis.
“Substantial donations were made to the Women’s Resource Centre, Coalition for the Protection of Children, Eliza Doolittle Society, the special KEMP PPE fund, and the Bermuda Community Foundation Emergency Fund.
“In addition, the companies enhanced their staff matching policy by matching all monies donated to charity by staff on a $2 for $1 basis. By increasing our staff matching, this enables our companies to specifically support charities that are important to our staff.”
Bertil Olsson, President & CEO, said, “Both OIL and OCIL have enjoyed very long associations with Bermuda. OIL will be celebrating 50 years in Bermuda in 2022 and OCIL was formed 34 years ago.
“The companies employ 56 staff locally and insure in excess of three trillion dollars of energy assets globally. Supporting Bermuda during these very challenging times is a priority for our organization.”