OneBeacon News

White Mountain’s OneBeacon Reported to Be Up for Sale

OneBeacon Insurance Group Ltd., the specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, people familiar with the matter said. The Bermuda-based company recently began working with Credit Suisse Group AG to solicit offers from rival …

White Mountains Closes $2.6B Sale of Sirius to China Minsheng Investment

White Mountains Insurance Group Ltd. completed its $2.6 billion sale of Sirius International Insurance Group to a division of China Minsheng Investment Corp. Ltd., nine months after the deal was first announced.Out of that total, White Mountains used $160 million …

OneBeacon Launches Coverage for Community Health Centers

OneBeacon Healthcare Group, a member of OneBeacon Insurance Group, has launched a new federally qualified community health clinics and providers policy, which provides additional protection for potential gaps in the coverage afforded to community health centers and providers under the …

OneBeacon Launches Cyber Liability Product for Information Technology Risks

OneBeacon Technology Insurance, a member of OneBeacon Insurance Group, has introduced a modular technology professional liability product – Information Technology Solutions-Complete – to address technology companies’ exposure to cybersecurity and communication liability risks. Through its menu-driven approach, customers can customize …

OneBeacon Names Garganigo as Senior VP, Professional Liability

Marc Garganigo has joined OneBeacon Insurance Group as senior vice president of Professional Liability. Garganigo will oversee the company’s Design Professional business unit and will identify expansion opportunities into other professional liability customer groups. Garganigo has 23 years of industry …

13 Specialty Insurers Emerging As Takeover Targets: S&P

Standard & Poor’s sees a number of specialty insurers as potential takeover targets by both rival carriers and investors seeking to expand in the segment, thanks to stellar operating performance versus the P/C industry as a whole. The ratings entity …

OneBeacon Names Iannotti as Professional Liability President

John Iannotti has joined OneBeacon Insurance Group as president of Professional Liability. Iannotti will oversee OneBeacon’s financial services, management liability and design professional liability business units, which are led by Craig Collins, Stacy Paquet and Bruce Demeter, respectively. He will …

China Minsheng Investment to Acquire White Mountains’ Sirius for $2.2B

White Mountains Insurance Group Ltd. agreed to sell Sirius International Insurance Group Ltd. for about $2.2 billion to an arm of China Minsheng Investment Corp. The price for the reinsurer will be 127 percent of shareholders’ equity, plus $10 million, …

OneBeacon Explores Sale; China’s Fosun Interested: Sources

OneBeacon Insurance Group Ltd., a specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, according to people with knowledge of the matter. OneBeacon has drawn interest from companies including China’s Fosun International Ltd., said the people, …

Armour Group Completes OneBeacon Run-off Acquisition

Armour Group Completes OneBeacon Run-off Acquisition The Bermuda-based Armour Group Holdings Limited announced the completion of the acquisition of the OneBeacon Run-off. “The transaction includes the acquisition of the legal entities, including the assets, liabilities and capital, which comprise the …