OneBeacon Insurance Group Ltd.
OneBeacon Insurance Group Ltd. is a property and casualty insurance writer, which focuses on specialty lines. It offers specialty products and services through independent agencies, regional and national brokers, wholesalers and managing general agencies. The company operates its business through three segments: Specialty Insurance Operations, Other Insurance Operations and Investing, Financing and Corporate Operations. The Specialty Insurance Operations segment is a collection of niche businesses that focus on solving the unique needs of particular customer or industry groups on a national scale. It comprised of twelve underwriting units that are aggregated into three major underwriting units for financial reporting: MGA Business, Specialty Industries and Specialty Products. The Other Insurance Operations segment includes the results of the non-specialty commercial lines business, to which they sold the renewal rights, and the traditional personal lines business, which they sold, in addition to other run-off business and certain purchase accounting adjustments relating to the OneBeacon acquisition. The Investing, Financing and Corporate Operations segment primarily consists of investing and financing activities, as well as other assets and liabilities, and general and administrative expenses incurred at the holding company level. OneBeacon Insurance Group was founded in 1831 and is headquartered in Minnetonka, MN.