Charles Lyle Bailey, 79, of Austin, passed away on June, 16, 2014, of complications from Emphysema.|
He was born in Washington-on-the-Brazos, Texas on October 15, 1934, to the late Robert Bailey and Opal (Lyle) Bailey and grew up in Navasota, TX. Active in Scouting, he was proud to have earned the highest rank of Eagle Scout as a teen.
Charles attended the University of Texas where he graduated in 1957 with a Business Degree.
There he met Gayle Fread whom he married on October 19, 1957.
He served in the US Army from 1957-1959 and was honorably discharged with the rank of Sergeant.
After moving to Houston, TX, Charles worked for Tenneco (formerly Tennessee Gas Transmission Co.) from 1959-1982 holding titles ranging from Assistant Secretary to Corporate Vice President during his 23-year tenure. In 1975, he attended the 70th Harvard Advanced Management Program. Charles was selected for Who's Who in America in 1982.
He helped create Oil Insurance Limited (OIL), a Bermuda-based insurance company and served as President and CEO from 1983-1988. He also helped form Oil Casualty Insurance, Ltd. (OCIL), to insure catastrophe liability and direct and offshore liability risks.
In 1988, he returned to Houston to join J.H. Blades and Co., a surplus lines agency owned by Jenner Fenton Slade Limited, a Lloyd's brokerage firm, which was eventually purchased by AON, the London-based insurance broker. In 1998 he retired.
In 2000, Charlie and Gayle moved to Austin where he got to spend time on his greatest recreational love - golf.
He leaves his wife Gayle; their children, Michele, Craig and Julie; grandchildren, Kyle, Liam, Hannah, Erin and Alec; son-in-laws, Greg Pake and Jim Sekelsky; and sister, Marian.
A private service in celebration of his life will be held at a future date. In lieu of flowers, memorials may be made to the
Obituary and memorial guestbook available online at www.wcfish.com
Arrangements by Weed-Corley-Fish Funeral Home, Austin, TX - (512) 452-8811
Published in Houston Chronicle on June 22, 2014