OneBeacon and Hagerty Form Strategic Alliance

April 16, 2007

OneBeacon Insurance Group and Michigan-based Hagerty Insurance Agency and Hagerty Classic Marine Insurance Agency, announced a partnership to provide property and casualty products to the specialized car and boat collector markets. Through this agreement, Hagerty will offer its customers access to OneBeacon’s products and services.

Hagerty has been providing a network of specialized services for collector car and wooden boat enthusiasts for nearly 25 years. OneBeacon offers a broad range of personal insurance products and also specializes in serving niche customer groups with tailored products and services.

Through this alliance, Hagerty will continue its emphasis on providing tailored coverages for collectible automobiles and wooden boats. The ownership of both Hagerty agencies will remain unchanged and privately owned. Hagerty Insurance Agency and Hagerty Classic Marine Insurance Agency will be immediately appointed to represent OneBeacon to its customers.

One of the oldest property and casualty insurers in the U.S., Massachusetts-based OneBeacon Insurance Group offers a range of specialty and segmented commercial and personal insurance products through its underwriting companies, sold primarily through select independent agents.

Hagerty is headquartered in Traverse City, Mich., and has been providing insurance solutions for 40 years. Their focus on collector cars and boats emerged in 1983.

Source: OneBeacon Insurance; Hagerty Insurance

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