Hashtag: #OneBeacon

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

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

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

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

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

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