Mass. Retailers Association Endorses OneBeacon

September 23, 2003

Boston-based OneBeacon Insurance Group LLC, a wholly owned subsidiary of White Mountains Insurance Group, Ltd. announced that it has received the endorsement of the Retailers Association of Massachusetts (RAM) and its dedicated insurance agency, Association Benefits Insurance Agency, Inc. (ABI).

“OneBeacon will be a preferred choice for RAM’s 2,300 members’ property and liability business insurance needs, as delivered exclusively through Association Benefits Insurance Agency,” said the bulletin. The Association, established in 1910, to promote and protect retail employers in Mass., represents the interests of retail merchants of all types and sizes across the state.

The announcement noted that OneBeacon is the “third-leading provider of commercial package insurance in the Commonwealth,” and has recently introduced a new small-business product – OnePac – in Mass. that “offers industry-specific coverages and targets over 70 retail classes locally, which parallels the Retailer’s Association’s membership profile.”

OneBeacon VP Chip Hamann, commented, “We are delighted to have received the endorsement from the Retailers Association of Mass.,” noted. “Its focus on helping retailers as an industry fits nicely with our capability for providing risk management solutions to this cornerstone business segment. Working in partnership with Association Benefits Insurance Agency, we look forward to delivering custom insurance solutions beginning early September.”

RAM President Jon Hurst stated: “OneBeacon came forward with a terrific new product from its financially strong organization at a time when insurance is a top-of-mind concern for many business owners. In partnership with OneBeacon, we believe that we will be offering our membership another value-added reason to affiliate with RAM and Association Benefits Insurance Agency.”

ABI is the exclusive insurance agency for RAM. One of its principals, Frank Michaud indicated that “The addition of OneBeacon to our team is a win-win solution. As a market leader with competitive technology and a long tradition of outstanding claim service, they enable our agency to provide a superior option to our RAM clients.” Another ABI principal, Frank Venuto, stated, “We are an agency that is dedicated to leveraging technology to deliver customer solutions, so OneBeacon’s Web-based system capabilities are essential.”

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