OIL Group CEO to step down

Robert Stauffer, the chief executive officer and president of the Bermuda-based OIL Group of Companies, has revealed plans to retire in January 2016.

He will be succeeded by Bertil Olsson, who joins from Marsh & McLennan Companies, where he served as managing director and head of South Central region, Marsh US.

Prior to joining Marsh, Olsson held executive positions with Willis North America.

Gerard Naisse and Theo Guidry, the respective chairmen of Oil Insurance and Oil Casualty Insurance, said: “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.

“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.”