OneBeacon Insurance Ltd. Declares Dividend
Bermuda-domiciled holding company OneBeacon Insurance Group, Ltd. yesterday [May 25] declared a combined regular and special dividend of $1.21 per share, payable in cash on June 30, 2011, to holders of record of common shares as of the close of business on June 17, 2011.
The company will distribute approximately $114 million through this dividend. The per share dividend amount reflects a $1.00 special dividend and a $0.21 regular quarterly dividend.
OneBeacon Insurance Group, Ltd. is publicly traded on the New York Stock Exchange. Itss underwriting companies offer a range of specialty insurance products sold through independent agencies, regional and national brokers, wholesalers and managing general agencies.
The company’s businesses include OneBeacon Professional Insurance, International Marine Underwriters, OneBeacon Accident Group, OneBeacon Entertainment, OneBeacon Energy Group, OneBeacon Government Risks, A.W.G. Dewar (tuition refund), collector cars and boats written through Hagerty Insurance Agency, OneBeacon Technology Insurance, OneBeacon Specialty Property, OneBeacon Property and Inland Marine, and OneBeacon Excess and Surplus Lines.
The company also offers products and services to assigned risk markets through its AutoOne division.
