Nuts & Bolts: 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 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. The group will consider business from all states for community banking and select states for lawyers’ professional liability.
Dollars: Deductibles, premiums and limits for community bank policies are directly proportional to the size of the assets of the bank.
Carrier: OneBeacon Insurance, rated “A” by A.M. Best, admitted.
States Available: All.
Contact: Craig M. Collins, ccollins@onebeacon.com.
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