News & Insights

Featured updates and published expertise.

Media Contacts

Carmen Duarte
781.332.7268
cduarte@onebeacon.com

Sasha Aronson
781.332.7165
saronson@onebeacon.com

News Release

Intact Financial Corporation to acquire leading specialty insurer The Guarantee Company of North America and Frank Cowan Company Limited

August 15, 2019

Highlights

  • Adds attractive surety business and expertise on both sides of the border
  • Enhances specialty lines with public entity capabilities and adds an MGA to the platform
  • Expands Intact's personal lines offering in Canada with high net worth products
  • Delivers a return on capital above Intact's threshold and immediate accretion to NOIPS
  • Strong financial position maintained, with over $1 billion of capital margin after closing
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News Release

Intact Financial Corporation reports Q2-2019 Results

July 30, 2019

Highlights

  • Net operating income per share increased 4% to $1.44, with strong net investment income and distribution results
  • Strong premium growth of 8% was fuelled by improving market conditions, with strong growth in commercial lines across North America and accelerating growth in personal lines
  • Combined ratio of 97.0% reflects strong underlying performance in personal auto offset by 3.7 points from an increase in reserves for prior years; solid results in commercial lines in Canada and the U.S.
  • Strong financial position with $1.3 billion of total capital margin and operating ROE of 12%
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News Release

OneBeacon Insurance Awards Sixteen College Scholarships

July 9, 2019

OneBeacon Insurance Group has recently awarded sixteen $2,000 college scholarships: eight to the children of OneBeacon employees and eight to children of the company’s distribution partners. Recipients were selected based on criteria such as academic performance, leadership roles and participation in school and community activities.

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Whitepaper

3D Metal Printing: Driving the World of Manufacturing Forward

June 12, 2019

3D printing technology is probably one of the greatest inventions of our lifetime. Given its potential “to revolutionize the way we make almost everything,”1 it is developing rapidly. That evolution has repositioned this once prohibitively expensive resource as affordable, making it accessible to many, manufacturers and consumers alike. The immediate challenge that people new to 3D printing face is distinguishing between its different processes and materials. In fact, the term 3D printing is actually an umbrella term that encompasses a variety of 3D printing processes. This paper will focus on 3D metal printing.

 

 

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News Release

James Hamilton Joins OneBeacon Financial Institutions as Vice President

June 11, 2019

James Hamilton has joined OneBeacon Financial Institutions, a member of OneBeacon Insurance Group, as Vice President overseeing regional operations, and contributing to the management of the company’s public bank and insurance company portfolio. Hamilton reports to Kevin Koehler, President of OneBeacon Financial Institutions.

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News Release

International Marine Underwriters Introduces Enhanced Ocean Cargo Coverage

May 22, 2019

International Marine Underwriters (IMU), a member of OneBeacon Insurance Group, has introduced an enhanced Ocean Cargo policy designed to address the needs of an increasingly global ocean marine market and enable customers to easily review coverage details on a redesigned form.

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News Release

Intact Financial Corporation reports Q1-2019 Results

May 7, 2019

Highlights

  • Net operating income per share of $0.73 was impacted by severe winter weather
  • Premiums grew 6%, driven by rate increases across our Canadian businesses in hardening market conditions, and strong new business growth in U.S. commercial
  • Combined ratio of 101.5% reflects the impact of elevated weather losses in Canada while underlying performance improved across the business; U.S. profitability improvement plans are on track with a combined ratio of 94.0%
  • Strong financial position with $1.4 billion of total capital margin and operating ROE of 11.9%
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News Release

OneBeacon’s Fitzgerald Named Chief Underwriting Officer for North American Entertainment Business

May 2, 2019

PLYMOUTH, Minn. (May 2, 2019) -- OneBeacon Insurance Group, a member of Intact Financial Corporation (TX: IFC), announced that Joe Fitzgerald has been appointed Chief Underwriting Officer of North American Entertainment, in addition to his current role as President of the U.S. Entertainment business.

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Published Articles

ATM Fraud Alert

May 1, 2019

As the use and sophistication of technology increases, it would stand to reason that it would be more difficult for fraudsters to gain access to bank accounts via ATMs. Unfortunately, crooks seem to be equally sophisticated and quickly outwit many safeguards soon after they are put in place. Here are some highlights and examples of ATM frauds that are unfolding across the country.

Read full article written by Financial Services' Craig Collins on page 5 of Kentucky Banker Magazine.

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Published Articles

Information Privacy and Ecurity Threats in Today's Drug and Alcohol Testing Labs

April 1, 2019

Cybercriminals will steal data any place they can find it, whether from a giant conglomerate or a small business.

Read full article co-authored by OneBeacon Healthcare's Patricia Hughes on page 18>>

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