Press Release

More Than 300 Attend Inaugural IRMI Energy Risk and Insurance Conference

Houston, TX, March 11, 2013—More than 300 risk managers, insurance agents, brokers, attorneys, and underwriters who specialize in managing or insuring the risks associated with the oil and gas industry convened here March 4–6 for the inaugural IRMI Energy Risk and Insurance Conference.

Oil and gas operators, drilling contractors, and well servicing contractors large and small sent their risk, insurance, and safety managers. In addition, virtually all the major providers of insurance or surety services were represented. World Risk and Insurance News (WRIN.tv) interviewed several attendees to understand the market needs this Conference addresses.

The IRMI Energy Risk and Insurance Conference is the only national symposium devoted to managing and insuring the risks of oil and gas exploration and operations. Attendees experienced a preconference workshop, a general session, and 12 workshops presented by more than 30 nationally recognized risk and insurance, economic, and oil and gas industry experts. Handouts from these sessions are now available at no cost on the IRMI website. Twelve charter sponsors signed on to help provide several networking opportunities.

"Many unique risks are inherent in exploring for, extracting, and transporting oil, gas, and other hydrocarbons, and there is a great need in the industry for a forum where best practices for managing and insuring them can be shared," said IRMI President & CEO Jack Gibson. "The attendees gave the Conference rave reviews on the quality of the educational sessions and the networking opportunities, allowing us to conclude that we are on the right track with this Conference. We will begin planning next year right away with a goal of making it even better."

The next IRMI Energy Risk and Insurance Conference is planned for March 2014.