OneBeacon Insurance Group

Business name: OneBeacon Insurance Group

Website: www.onebeacon.com

Headquarter: 605 Highway 169 N Ste 800

Plymouth, MN, 55441-6533
United States

Phone: (952) 852-2431

Ownership Status: Acquired/Merged

Acquirer: Intact Financial

Primary Industry-Insurance Brokers

onebeacon insurance group

President: Mike Miller

Industry:

Insurance Carriers Insurance Carriers and Related Activities, Finance and Insurance, Fire, marine, and casualty insurance

About OneBeacon Insurance Group

Intact Insurance Specialty Solutions, also known as OneBeacon Insurance Group, is the marketing name for the insurance company subsidiary of Intact Insurance Group. It is a member of Intact Financial. The U.S. specialty business includes OneBeacon, which Intact bought for $1.7 billion in 2017, and the Guarantee Co. of North America, a surety company Intact bought in 2019.

 The acquisition makes IFC a leading provider of specialty insurance in North America. The estimated annual premium are over C$2 billion mainly focusing on small to midsize businesses. The company offer a range of specialty insurance products. these products are sold through regional and national brokers, wholesalers, independent agencies, and managing general agencies. 

According to the statement, Mike Miller is president U.S. for Intact Insurance Specialty Solutions and was previously CEO of OneBeacon. The company was created in 2001 after White Mountains Insurance Group Ltd. purchased the U.S. property/casualty company of British insurer Aviva PLC.

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Products offered by OneBeacon Insurance Group

It offers specialty property/casualty policies for individuals and businesses. Products include professional liability, marine, commercial surety and technology. The company even offers tuition reimbursement coverage. 

The company also offers insurance policies for accident and health. Its products are usually tailored to specific industries, such as entertainment, financial, and health care. 

Selling Method

The Insurance group now known as Intact Insurance specialty solutions offers a variety of specialty insurance products through independent agents, regional and national brokers and wholesalers and other professionals in the US.

Through its underwriting businesses, company provides coverages in all 50 U.S states. A.W.G. is one of the company’s specialty business.  Accident and Health, Entertainment and Financial Institutions, Financial Services.

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