OneBeacon Flexes for Commercial Property, Inland Marine Risks

July 6, 2006

Commercial and industrial operations, ownership interests, and companies with multi-state locations have a new option from OneBeacon Insurance for safeguarding themselves against loss.

With Flex, its new property product, OneBeacon Insurance is combining broad coverage with pricing flexibility to meet the needs of colleges, universities, hotels, owner-occupied condominiums, hospitals, nursing homes, municipalities, manufacturing, commercial real estate and other risks.

Drew Carnase, head of OneBeacon’s commercial middle market division, said the Flex product is designed for customers who have substantial property exposures combined with significant inland marine exposures. Flex can also be combined with the insurer’s liability coverages.

These target markets include: technology, financial services, professional services, commercial real estate, cultural institutions, food industries, metalworkers, plastics, printers, progressive care, retailers and wholesalers.

OneBeacon is wholly owned by White Mountains Insurance Group, Ltd.

Source: OneBeacon

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