OneBeacon Insurance Group LLC, a wholly owned subsidiary of Bermuda-based White Mountains Insurance Group, Ltd., announced that it has been endorsed by the Connecticut Retail Merchants Association (CRMA) as its preferred provider of business-insurance products for CRMA members.
“This represents the second retail-association endorsement that OneBeacon has received in recent months, both through an exclusive partnership with Association Benefits Insurance Agency, Inc. (ABIA),” said the bulletin. Last September the Retailers Association of Massachusetts endorsed OneBeacon and ABIA as dedicated insurance providers for its members.
The ABIA specializes in risk management solutions for retail associations throughout New England. OneBeacon, a personal and business insurance group, introduced OnePac, a comprehensive small-business owners’ product, in 2003. It targets the retail industry with custom insurance coverages and services for over 70 retail classes, which ensures tailor-made protection for CRMA members.
“What a terrific start to the new year,” noted Chip Hamann, OneBeacon’s vice president of commercial line. “We are extremely committed to the retail industry and with this second vote of confidence we look forward to showcasing our capabilities and services to the Connecticut Retail Merchant Association.”
CRMA president Tim Phelan added: “Our Association prides itself on continually enhancing its member services. OnePac, backed by the financial strength of OneBeacon’s A rating, brings our members the peace of mind insurance was originally intended to guarantee. The addition of this terrific product is yet another example of the added value of membership in CRMA. Retailers of all sizes can benefit from our endorsement One Beacon and we are thrilled to join forces with them and ABI.”
ABIA principal Frank Michaud commented “We’ve provided many OnePac solutions to our Massachusetts constituents, and it has been very well received. Connecticut is a terrific market that we are thrilled to participate in, so we look forward to making that happen in 2004.”
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