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OneBeacon Reports $11.86 Book Value Per Share

OneBeacon Reports $11.86 Book Value Per Share

Bermuda-based OneBeacon Insurance Group, Ltd. reported on Friday [July 27] book value per share of $11.86, an increase of 1.2% for the second quarter and 6.3% through six months, including dividends. Mike Miller, CEO of OneBeacon said, “Our results for the first half of 2012 show good book value growth, which includes strong underwriting results... Read more of this article

OneBeacon To Review Q/1 Financial Results

OneBeacon To Review Q/1 Financial Results

Bermuda-domiciled OneBeacon Insurance Group will review its first quarter 2012 results via live webcast at 10:00 a.m. Eastern Time on Friday, April 27 following its earnings release earlier that morning. The slide presentation that will be referenced during the call, the news release and a financial supplement will be available on the company’s... Read more of this article

OneBeacon Appoints Phillips As SVP

OneBeacon Appoints Phillips As SVP

Bermuda-based OneBeacon Insurance Group, Ltd. today [Mar. 19] announced the appointment of Maureen A. Phillips as Senior Vice President and General Counsel reporting to President and CEO Mike Miller. Ms Phillips succeeds Brad Rich in this role, who will continue with the company through year end, at which time he will retire. Said CEO Mike Miller,... Read more of this article

OneBeacon Declares Quarterly Dividend,

OneBeacon Declares Quarterly Dividend,

The OneBeacon Insurance Group Ltd. Board of Directors declared a $0.21 per share quarterly dividend, payable in cash on March 30, 2012, to holders of record of Common Shares as of the close of business on March 16, 2012. OneBeacon Insurance Group,Ltd. is a Bermuda-domiciled holding company that is publicly traded on the New York Stock Exchange under... Read more of this article

OneBeacon Group Closes AutoOne Sale

OneBeacon Group Closes AutoOne Sale

Bermuda-domiciled OneBeacon Insurance Group, Ltd. announced that it has completed the sale of its AutoOne business to Interboro Holdings, Inc. The transaction, which was announced on August 31, 2011, included AutoOne Insurance Company and AutoOne Select Insurance Company, along with the assets, liabilities — including loss reserves and unearned... Read more of this article

OneBeacon Issues First Quarter Dividend

OneBeacon Issues First Quarter Dividend

At its regular meeting held yesterday [Feb. 22], the board of directors of Bermuda’s OneBeacon Insurance Group, Ltd. declared a $0.21 per share quarterly dividend, payable in cash on March 30, 2012, to holders of record of Common Shares as of the close of business on March 16, 2012. OneBeacon Insurance Group, Ltd. is a Bermuda-domiciled holding... Read more of this article

Board Approves OneBeacon Dividend

Board Approves OneBeacon Dividend

At its regular meeting held on November 16, 2011, the OneBeacon Insurance Group, Ltd. board of directors declared a $0.21 per share quarterly dividend, payable in cash on December 30, 2011, to holders of record of common shares as of the close of business on December 16, 2011. OneBeacon Insurance Group, Ltd. is a Bermuda-domiciled holding company that... Read more of this article

OneBeacon Unveils New Physicians Policy

OneBeacon Unveils New Physicians Policy

OneBeacon Professional Insurance, a member of Bermuda-domiciled OneBeacon Insurance Group, today [Nov. 1] announced that it is expanding its health care offerings to include a stand-alone extended reporting period [ERP] policy for physicians who require claims-made professional liability coverage due to changing employment status or moving from one... Read more of this article

OneBeacon: Q3 Drop In Book Value Per Share

OneBeacon: Q3 Drop In Book Value Per Share

Bermuda-domiciled OneBeacon Insurance Group, Ltd. today [Oct.28] reported book value per share of $11.57, a decrease of 2.8 percent for the third quarter and an increase of 1.5 percent through nine months, including dividends. Mike Miller, CEO of OneBeacon, said, “Our decrease in book value in the quarter was driven by our equity portfolio losses... Read more of this article

A.M. Best Affirms OneBeacon Rating

A.M. Best Affirms OneBeacon Rating

Ratings agency A.M. Best Co. has affirmed the financial strength rating) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of the operating companies comprising Minnesota-based OneBeacon Insurance Group. Best also, affirmed the ICR of “bbb” of OneBeacon’s publicly traded parent, Bermuda-based OneBeacon Insurance Group, Ltd.,... Read more of this article

OneBeacon Insurance Ltd. Declares Dividend

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.... Read more of this article

OneBeacon Launches Entertainment Insurer

OneBeacon Launches Entertainment Insurer

Bermuda-domiciled OneBeacon Insurance Group yesterday [Jan 4] introduced OneBeacon Entertainment as the trade name for its entertainment, sports and leisure business. OneBeacon Entertainment also encompasses Entertainment Brokers International Insurance Services, a managing general agency that OneBeacon acquired in July 2008. The overall business segment... Read more of this article

US Courts Rule With Insurer: Priest Sex Abuse

US Courts Rule With Insurer: Priest Sex Abuse

The Roman Catholic Archdiocese of Milwaukee is not entitled to coverage under its commercial general liability policy with Bermuda-domiciled OneBeacon Insurance Co. concerning sexual abuse allegations against former priests because its alleged actions were not accidental, a Wisconsin appellate court has ruled. Affirming lower court decisions, the Wisconsin... Read more of this article

OneBeacon Reports Drop In Net Income

OneBeacon Reports Drop In Net Income

Bermuda-based insurer OneBeacon reported net income attributable to common shareholders of $8.6 million, or 9 cents per share, down from a profit of $128.2 million, or $1.35 per share, in last year’s second quarter. Second quarter comprehensive net income and net income were both $9 million and operating income was $18 million or $0.19 per share.... Read more of this article