Standard & Poor’s sees a number of specialty insurers as potential takeover targets by both rival carriers and investors seeking to expand in the segment, thanks to stellar operating performance versus the P/C industry as a whole. The ratings entity …
John Iannotti has joined OneBeacon Insurance Group as president of Professional Liability. Iannotti will oversee OneBeacon’s financial services, management liability and design professional liability business units, which are led by Craig Collins, Stacy Paquet and Bruce Demeter, respectively. He will …
White Mountains Insurance Group Ltd. agreed to sell Sirius International Insurance Group Ltd. for about $2.2 billion to an arm of China Minsheng Investment Corp. The price for the reinsurer will be 127 percent of shareholders’ equity, plus $10 million, …
OneBeacon Insurance Group Ltd., a specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, according to people with knowledge of the matter. OneBeacon has drawn interest from companies including China’s Fosun International Ltd., said the people, …
Armour Group Completes OneBeacon Run-off Acquisition The Bermuda-based Armour Group Holdings Limited announced the completion of the acquisition of the OneBeacon Run-off. “The transaction includes the acquisition of the legal entities, including the assets, liabilities and capital, which comprise the …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of OneBeacon Insurance Company and its six pooled and four reinsured affiliates, collectively referred to as OneBeacon Insurance Group. Best …
ACE American Insurance Company recently filed a lawsuit against OneBeacon U.S. Holdings Inc. In its lawsuit, filed in Pennsylvania, ACE alleges that OneBeacon poached the entire eight member-team that made up ACE’s East Coast Surety Department. What’s more, ACE charges …
Minnetoka, Minn.-based OneBeacon Professional Insurance (OBPI), a member of OneBeacon Insurance Group has appointed Daniel Melanson as senior vice president leading the Medical Excess line of business. Melanson is responsible for product development, sales, marketing, producer relationships and underwriting results …
OneBeacon Insurance Group Ltd. has appointed John C. Treacy as senior vice president of Finance. He is based in the company’s U.S. corporate headquarters in Minnetonka, Minn. and reports to Chief Financial Officer Paul McDonough. Treacy’s prior experience includes over …
Chicago, IL, 04/27/12 – ThinkRisk Underwriting Agency, LLC and OneBeacon Professional Insurance join forces to announce the launch of a new Professional Liability Policy for Insurance Agents & Brokers. The product, [in]FUSESM, provides broad protection for emerging exposures faced by …
