OneBeacon Insurance Group said it has acquired International Bond & Marine Brokerage, Ltd., a privately held brokerage and risk management firm specializing in the international trade markets.
IB&M will retain its brand and operate as a standalone brokerage, offering customs bonds, cargo, liability and other insurance coverages through its current select markets and now additionally through OneBeacon.
IB&M, headed by Kevin Tattam, president, is based in Hoboken, New Jersey and has an office in Manhattan Beach, California.
IB&M offers custom bonds, ATA carnet bonds, ocean transportation bonds; marine, E&O/freight legal liability, and business insurance; and a technology platform for logistics companies to manage their transactions.
OneBeacon Insurance Group is the marketing brand for the insurance company subsidiaries of Intact Insurance Group USA LLC, a member of Intact Financial Corporation, the largest provider of property and casualty insurance in Canada, and a specialty insurance carrier in North America. Coverages for OneBeacon Insurance Group are underwritten by the following companies: Atlantic Specialty Insurance Co.; Homeland Insurance Company of New York; Homeland Insurance Company of Delaware; OBI America Insurance Co.; OBI National Insurance Co. or The Guarantee Company of North America USA.
Source: OneBeacon Insurance Group
Topics Mergers & Acquisitions Agencies
Was this article valuable?
Here are more articles you may enjoy.
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
Jury Finds Johnson & Johnson Liable for Cancer in Latest Talc Trial 
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley 
