Hashtag: #OneBeacon
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
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
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
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 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
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
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
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 Stories OneBeacon Declares $0.21 Quarter Dividend OneBeacon... Read more of this article
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 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
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 Stories OneBeacon Declares $0.21 Quarter Dividend OneBeacon... Read more of this article
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 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
OneBeacon Insurance Completes Debt Offering
Bermuda-domiciled OneBeacon Insurance Group, Ltd. said that its wholly-owned subsidiary, OneBeacon U.S. Holdings, Inc. has closed its previously announced offering of $275 million aggregate principal amount of 4.60% Senior Notes due 2022. The Issuer intends to use the proceeds of the offering to redeem all of its outstanding 5.875% Senior Notes due... Read more of this article
OneBeacon Offering Senior Notes Due 2022
OneBeacon Insurance Group Ltd’s wholly-owned subsidiary, OneBeacon U.S. Holdings, Inc intends to offer a to-be-determined amount of Senior Notes due 2022 subject to market and other conditions. The Senior Notes will be guaranteed by the Company. The underwriters for the transaction are Barclays Capital Inc., Merrill Lynch, Pierce, Fenner &... Read more of this article
OneBeacon To Sell Runoff Business To Armour
Bermuda-domiciled holding company, OneBeacon Insurance Group, Ltd. has entered into a definitive agreement to sell its runoff business to an affiliate of Armour Group Holdings Limited. OneBeacon will transfer to Armour certain legal entities within the OneBeacon group, which will contain the assets, liabilities [including gross and ceded loss reserves],... Read more of this article
