PLYMOUTH, Minn., Sept. 16, 2020 /PRNewswire/ -- OneBeacon
Insurance Group, the brand for Intact Financial Corporation's (TSX:
IFC) U.S. insurance company subsidiaries, today announced that it
has acquired the renewal rights to Brit Global Specialty
USA's admitted 'First Dollar
Package' Public Entity portfolio. Additionally, Sharon Wright has joined OneBeacon and will lead
the portfolio transition and expansion.
Said Bradley York, President of
OneBeacon Government Risks, "Through this agreement, we strengthen
OneBeacon's public entity capabilities with a complementary
portfolio that broadens our network and expertise into smaller
local governments. We're also excited to welcome Sharon to
OneBeacon. Her deep expertise in the public entity segment
parallels our approach and I look forward to working with her."
Said Wright, "I am excited to join OneBeacon and the Government
Risks team. I look forward to building upon a strong and
established public entity portfolio and continuing to grow and
service a business and specific market segment that I know
well."
The First Dollar portfolio acquired in the transaction provides
admitted coverage for cities, towns, villages, boroughs,
water-sewer utilities and other special service districts in 14
states across the U.S. Not included in the transaction is Brit
Global Specialty USA's
'Alternative Risks' business, its longstanding core E&S
offering to public and nonprofit clients.
In the U.S. OneBeacon offers public entity solutions including
property, casualty and professional liability comprised of law
enforcement, public officials and employment practices liability.
In Canada, coverage is available
through Frank Cowan Company, a Managing General Agent and a leading
provider of specialized insurance programs. Frank Cowan Company is
a wholly owned subsidiary of Intact Financial Corporation. For more
information about our North American public entity capabilities,
visit onebeacongov.com and frankcowan.com.
About OneBeacon: OneBeacon Insurance Group is the
marketing brand for the insurance company subsidiaries of Intact
Insurance Group USA LLC, a member
of Intact Financial Corporation (TSX: IFC), the largest provider of
property and casualty insurance in Canada, and a leading specialty insurance
carrier in North America.
Throughout the United States,
Intact Insurance Specialty Solutions' underwriting companies offer
a broad range of specialty insurance products through independent
agencies, regional and national brokers, wholesalers and managing
general agencies. Each business is managed by an experienced team
of specialty insurance professionals focused on a specific customer
group or industry segment, and providing distinct products and
tailored coverages and services. Targeted solutions include group
accident and health; commercial and contract surety; entertainment;
environmental; excess property; financial institutions; financial
services; inland marine; management liability; ocean marine; public
entities; technology; and tuition refund.
Coverages for OneBeacon Insurance Group are underwritten by the
following companies: Atlantic Specialty Insurance Company, a
New York insurer; Homeland
Insurance Company of New York, a
New York insurer; Homeland
Insurance Company of Delaware, a
Delaware insurer; OBI America
Insurance Company, a Pennsylvania
insurer; OBI National Insurance Company, a Pennsylvania insurer; or The Guarantee Company
of North America USA, a
Michigan insurer. Each of these
insurers maintains its principal place of business at 605 Highway
169 N, Plymouth, MN 55441, except
The Guarantee Company of North America USA, which is located at One Towne Square,
Southfield, MI 48076.
For further information about products and services visit:
onebeacon.com. For information about Intact Financial Corporation
visit: intactfc.com.
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SOURCE OneBeacon Insurance Group, Ltd.