OneBeacon Insurance Group in Boston, a subsidiary of White Mountains Insurance Group Ltd., is entering the community banking and the lawyers’ professional liability markets.
OneBeacon said it will offer a broad array of professional liability coverages targeting community banks with assets of $3 billion or less and law firms employing fewer than 150 attorneys.
The company also targets these customers with its commercial package product.
These new businesses are being led by Craig Collins, vice president community banking, and Paul Ablan, vice president professional liability. Collins and Ablan and a small group of specialty professionals will consider business from all states for community banking and select states for lawyers’ professional liability.
Dave Dembo, OneBeacon’s vice president of specialty lines said the move is consistent with the insurer’s focus. “These new segments reinforce our desire to focus on customer groups we can serve well through specialized expertise, products and services. We are very pleased to introduce these new businesses and to deliver these new capabilities to our agency partners,” Dembo said.
OneBeacon Insurance Group offers specialty and segmented personal and commercial insurance products sold primarily through select independent agents. OneBeacon is wholly owned by White Mountains Insurance Group Ltd. White Mountains’ principal businesses are conducted through its subsidiaries and affiliates in the business of property-casualty insurance and reinsurance. The company is publicly traded on the New York Stock Exchange and the Bermuda Stock Exchange under the symbol “WTM”.