Monster Insurance Acquires Renewal Rights for OneBeacon Energy Book

January 8, 2013

MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, announced that MarketScout subsidiary, Monster Insurance, has entered into an agreement with OneBeacon Insurance Co. over renewal rights to OneBeacon’s energy book of business.

“Monster Insurance will offer general liability, auto and workers’ compensation lines of coverage to insured’s who were insured by OneBeacon’s casualty energy offering,” said Richard Kerr, CEO of MarketScout. Kerr also made clear, “Our plan is to offer alternatives on existing OneBeacon policies only via those agents and wholesale brokers who are currently named as agent of record.”

Monster Insurance is a Bermuda-based insurance facility accepting risk on primary casualty business.

Source: MarketScout

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