Oceanwide’s Cargo Technology Chosen by IMU/OneBeacon

August 1, 2005

Oceanwide Inc., a Montreal, Quebec-based provider of Web-based cargo insurance management software, announced that International Marine Underwriters (IMU), a member of OneBeacon Insurance Group’s specialty segments, has selected Oceanwide’s Genoa insurance technology to support its cargo insurance platform.

This will enable IMU agent partners and cargo insurance customers to issue electronic certificates of insurance and complete shipment and storage declarations online.

“We are pleased IMU/OneBeacon has selected the Genoa technology for their cargo insurance operations,” said Mitchell Wasserman, President of Oceanwide. “We anticipate a long-term and successful relationship between our two companies.”

“Oceanwide’s technology strengthens our client-service offering by providing on-demand access to services and information that will enable successful cargo insurance and risk management practices,” said Michelle O’Donovan, Assistant Vice President and head of IMU’s Cargo line.

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