Insurance Journal » OneBeacon

Best Affirms OneBeacon and Subs Group Ratings; White Mountains

Mon, 08 Oct 2012 10:09:31 +0000

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of OneBeacon Insurance Company and its six pooled and four reinsured affiliates, collectively referred to as OneBeacon Insurance Group. Best …

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In Penn. Lawsuit, ACE Accuses OneBeacon of Poaching Employees

Thu, 13 Sep 2012 16:54:49 +0000

ACE American Insurance Company recently filed a lawsuit against OneBeacon U.S. Holdings Inc. In its lawsuit, filed in Pennsylvania, ACE alleges that OneBeacon poached the entire eight member-team that made up ACE’s East Coast Surety Department. What’s more, ACE charges …

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Melanson Joins OneBeacon as SVP, Medical Excess

Wed, 15 Aug 2012 16:34:08 +0000

Minnetoka, Minn.-based OneBeacon Professional Insurance (OBPI), a member of OneBeacon Insurance Group has appointed Daniel Melanson as senior vice president leading the Medical Excess line of business. Melanson is responsible for product development, sales, marketing, producer relationships and underwriting results …

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Treacy Appointed Senior Vice President of Finance at OneBeacon

Thu, 14 Jun 2012 05:20:11 +0000

OneBeacon Insurance Group Ltd. has appointed John C. Treacy as senior vice president of Finance. He is based in the company’s U.S. corporate headquarters in Minnetonka, Minn. and reports to Chief Financial Officer Paul McDonough. Treacy’s prior experience includes over …

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ThinkRisk and OneBeacon Announce [in]FUSE – Insurance Agents & Brokers Professional Liability Protection

Fri, 27 Apr 2012 10:00:18 +0000

Chicago, IL, 04/27/12 – ThinkRisk Underwriting Agency, LLC and OneBeacon Professional Insurance join forces to announce the launch of a new Professional Liability Policy for Insurance Agents & Brokers. The product, [in]FUSESM , provides broad protection for emerging exposures faced …

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OneBeacon Forms New Specialty Program Group

Amy O' Connor — Thu, 26 Apr 2012 10:00:50 +0000

OneBeacon Insurance Group Ltd. has formed a new specialty business, OneBeacon Program Group (OBPG), which will be led by President Dan Beaudette. The group will focus on small to medium commercial business written through select managing general agents, managing general …

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160-Year Old Hanover Retaking Its Place as P/C Industry Leader

Andrew G. Simpson — Wed, 04 Apr 2012 03:55:35 +0000

Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals. Eight years ago in 2004, the $2.4 …

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OneBeacon Completes Sale of AutoOne Business to New York’s Interboro

Young Ha — Wed, 22 Feb 2012 17:44:04 +0000

OneBeacon Insurance Group said today it completed the sale of its AutoOne business to Interboro Holdings Inc. of New York. The transaction, which was announced on Aug. 31, 2011, included AutoOne Insurance Company and AutoOne Select Insurance Company, along with …

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AutoOne Employees Await as Sale to Interboro Nears Completion

Young Ha — Wed, 19 Oct 2011 13:19:58 +0000

As AutoOne auto insurance company transitions from one owner to another, employees can expect to face a number of changes, including some likely downsizing. AutoOne, with offices in Melville and Syracuse in New York State, is a high-risk personal auto …

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Best Affirms OneBeacon Group’s Ratings; Outlook Stable

Tue, 11 Oct 2011 14:00:45 +0000

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of the operating companies comprising Minnesota-based OneBeacon Insurance Group. Best also, affirmed the ICR of “bbb” of OneBeacon’s publicly …

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New York’s Interboro Buys OneBeacon’s AutoOne

Thu, 01 Sep 2011 13:20:55 +0000

OneBeacon Insurance Group said it is selling its high risk personal auto insurance business, AutoOne, to Interboro Holdings Inc. of New York. AutoOne, formed in 2001, serves the automobile assigned risk insurance markets primarily in New York and New Jersey. …

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Ratings Recap: Washington Casualty, Western, One Beacon (notes)

Mon, 18 Jul 2011 18:50:11 +0000

A.M. Best Co. has upgraded the financial strength rating to ‘A-’ (Excellent) from ‘B+’ (Good) and issuer credit rating to “a-” from “bbb-” of Washington Casualty Company (WCC), both with stable outlooks. The rating upgrades for WCC are based on …

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