Hashtag: #OneBeacon

White Mountains Announce Merger Completion

White Mountains Announce Merger Completion

White Mountains Insurance Group, Ltd. [WTM] announced the completion of the previously announced merger of OneBeacon Insurance Group, Ltd. [OB] with a subsidiary of Intact Financial Corporation [IFC]. White Mountains is a Bermuda-domiciled financial services holding company traded on the New York Stock Exchange and the Bermuda Stock Exchange under the... Read more of this article

Approval For Intact Acquisition Of OneBeacon

Approval For Intact Acquisition Of OneBeacon

OneBeacon Insurance Group announced that all regulatory approvals required to complete the previously announced acquisition of the company by Intact Financial Corporation under the terms of the merger agreement have been obtained. The transaction is expected to be completed on September 28, 2017. Intact will acquire OneBeacon for $18.10 per common... Read more of this article

OneBeacon Declares $0.21 Quarter Dividend

OneBeacon Declares $0.21 Quarter Dividend

At its regular meeting held on August 23, 2017, the OneBeacon Insurance Group, Ltd. Board of Directors declared a $0.21 per share quarterly dividend, payable in cash on September 28, 2017, to holders of record of Common Shares as of the close of business on September 8, 2017. Payment of the dividend is subject to the timing of the closing of the previously... Read more of this article

OneBeacon Credit Ratings Placed Under Review

OneBeacon Credit Ratings Placed Under Review

A.M. Best has placed under review with positive implications the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings of “a” of Atlantic Specialty Insurance Company [Atlantic Specialty] [New York, NY] and its rated affiliates. Collectively, these companies are referred to as OneBeacon Insurance Group. A statement... Read more of this article

OneBeacon To Be Acquired By IFC For $1.7B

OneBeacon To Be Acquired By IFC For $1.7B

OneBeacon Insurance Group, Ltd. has entered into a definitive merger agreement under which Intact Financial Corporation [IFC] will acquire all outstanding OneBeacon shares for $18.10 in cash per share. The $18.10 per share acquisition price is 1.65 times OneBeacon’s book value per share as of March 31, 2017, and represents a 14% premium to the... Read more of this article

OneBeacon Declares $0.21 Quarterly Dividend

OneBeacon Declares $0.21 Quarterly Dividend

At its regular meeting held this month, the OneBeacon Insurance Group declared a $0.21 per share quarterly dividend, payable in cash on December 29, 2015, to holders of record of Common Shares as of the close of business on December 11, 2015. OneBeacon Insurance Group, Ltd. is a Bermuda-domiciled holding company that is publicly traded on the New York... Read more of this article

Liability Coverage For Film, Radio & Theatre

Liability Coverage For Film, Radio & Theatre

OneBeacon Insurance Group, has introduced a new professional liability product – Producer Plus Liability, which they said “provides liability insurance designed to meet the needs faced by producers of entertainment and industrial films, radio, and live theater.” Vice President Regina Williams commented “We are excited to have... Read more of this article

OneBeacon Declares $0.21 Quarter Dividend

OneBeacon Declares $0.21 Quarter Dividend

At its regular meeting held on August 25, 2015, the OneBeacon Insurance Group, Ltd. Board of Directors declared a $0.21 per share quarterly dividend, payable in cash on September 26, 2015, to holders of record of Common Shares as of the close of business on September 11, 2015. Related StoriesOneBeacon Declares $0.21 Quarter Dividend OneBeacon... Read more of this article

OneBeacon Insurance Exits Crop Business

OneBeacon Insurance Exits Crop Business

OneBeacon Insurance Group has exited the crop insurance business due to the sale of its exclusive managing general agency, Climate Crop Insurance Agency, to AmTrust Financial Services, Inc. [AmTrust]. The company’s existing crop insurance business has been transferred to AmTrust, including policyholder servicing. OneBeacon President and CEO Mike... Read more of this article

A.M. Best Affirms One Beacon Ratings

A.M. Best Affirms One Beacon Ratings

A.M. Best has affirmed the financial strength rating [FSR] of A [Excellent] and the issuer credit ratings [ICR] of “a” of Atlantic Specialty Insurance Company [New York, NY] and its three U.S. reinsured affiliates, collectively referred to as OneBeacon Insurance Group . A statement from rating company said, “At the same time, A.M. Best has... Read more of this article

OneBeacon Declares $0.21 Quarter Dividend

OneBeacon Declares $0.21 Quarter Dividend

At its regular meeting held on August 26, 2014, Bermuda-based OneBeacon Insurance Group, Ltd. Board of Directors declared a $0.21 per share quarterly dividend, payable in cash on September 26, 2014, to holders of record of Common Shares as of the close of business on September 12, 2014. Related StoriesOneBeacon Declares $0.21 Quarter Dividend OneBeacon... Read more of this article

Ratings Affirmed: White Mountains, OneBeacon

Ratings Affirmed: White Mountains, OneBeacon

Ratings agency A.M. Best Co. has affirmed the financial strength rating [FSR] of A [Excellent] and issuer credit ratings [ICR] of “a” of Atlantic Specialty Insurance Company and its three reinsured affiliates, collectively referred to as OneBeacon Insurance Group. At the same time, A.M. Best has affirmed the ICRs of “bbb” and... Read more of this article

OneBeacon Declares $0.21 Quarterly Dividend

OneBeacon Declares $0.21 Quarterly Dividend

OneBeacon Insurance Group declared a $0.21 per share quarterly dividend, payable in cash on September 27, 2013, to holders of record of Common Shares as of the close of business on September 13, 2013. OneBeacon Insurance Group, Ltd. is a Bermuda-domiciled holding company that is publicly traded on the New York Stock Exchange under the symbol “OB.” Related... Read more of this article