Petroleum Casualty Car Insurance Review 
Petroleum Casualty Insurance Company was bought out by Randall & Quilter Group Investment Holdings Ltd. Randall & Quilter boasts an A++ rating from A.M. Best.
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UPDATED: Jan 28, 2021
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- Petroleum Casualty Insurance is part of Ancon Insurance and Petroleum Casualty Group
- Petroleum Casualty Group is actually a part of Exxon Mobil as well
- It is unclear what types of insurance Petroleum Casualty offers
This company is part of a larger group known as Ancon Insurance and Petroleum Casualty Group.
Petroleum Casualty Insurance Company was bought out by Randall & Quilter Group Investment Holdings Ltd.
Both companies appear to operate independently from Exxon Mobil in terms of their day-to-day operations, but the parent company appears to steer the overall financial direction.
It is unclear what types of insurance products this company provides.
If Petroleum Casualty car insurance were available, it would most likely be coverage required by most states, such as:
- Bodily injury
- Property damage
It’s also assumed that Petroleum Casualty insurance products are handled through a network of local agents and representatives.
How Petroleum Casualty relates to Ancon Insurance, or even if their products overlap, is unknown.
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What Petroleum Casualty Offers
In 2010, A.M. Best reaffirmed its ratings for Ancon Insurance and Petroleum Casualty Group at “A++” superior (financial strength rating) and “AA+” (issuer credit rating).
These ratings reflect the possible car insurance company’s exceptional risk management, consistently strong financial performance, and more than sufficient levels of capitalization.
A.M. Best also took into consideration the strength of Exxon Mobil when affirming these ratings.
However, Ancon Insurance and Petroleum Casualty Group informed A.M. Best that they no longer wished to participate in the interactive rating system, prompting the financial services rating company to officially withdraw its ratings.