Oil Casualty Insurance, Ltd (OCIL) has announced the introduction of a new line of insurance.Beginning in December, the company began writing all risk property insurance on a direct and facultative reinsurance basis for energy companies.OCIL’s diversification into property insurance is being led by Rolf Fischer who previously underwrote business for Ace (Bermuda).“OCIL’s objective is to develop a book of onshore and offshore energy business using OCIL’s Bermuda based distribution channel. Adding property to OCIL’s product portfolio will provide greater diversification and scale for the company,” the company said in a statement.OCIL’s targeted underwriting segments for property include: refining and marketing, petrochemical and chemical, integrated oil, exploration and production, pipelines, utilities and mining companies. Property and business interruption coverage will be provided for both operational and construction exposures.With the introduction of direct property to OCIL’s product portfolio, the company states it now has a diversified risk profile which includes excess liability, excess property, and property/casualty reinsurance.