OneBeacon Insurance Company

OneBeacon Insurance Company
One Beacon Lane
Canton, MA 02021

OneBeacon Insurance Company is part of OneBeacon Insurance Group, Ltd., a Bermuda-based holding company with 17 insurance companies under its management. OneBeacon Insurance Group’s underwriting companies offer an array of specialty insurance products distributed through agents, brokers and wholesalers. Founded in 1831, OneBeacon is one of the oldest property and casualty insurers in the United States. Currently, OneBeacon’s specialty insurance businesses are national in scope.

The group’s businesses include OneBeacon Professional Insurance, International Marine Underwriters, Entertainment Brokers International Insurance Services, Specialty Accident and Health, OneBeacon Government Risks, OneBeacon Energy Group, A.W.G. Dewar (tuition refund), collector cars and boats written through Hagerty Insurance Agency, OneBeacon Technology Group, OneBeacon Financial Services, OneBeacon Specialty Property, Property and Inland Marine, and AutoOne.

Through its businesses, OneBeacon is able to provide a wide array of products and services, including professional liability insurance products for an increasingly broad range of industry groups, a full range of ocean marine insurance products, specialized commercial insurance products including professional liability coverage for the entertainment sports and leisure industries, and accident and health insurance. A suite of services including discounted prescription drug program, identity theft resolution, and travel assistance for employers and affinity groups is likewise offered. Furthermore, complete protection is provided for midsized municipalities and counties as well as mid-market upstream and midstream conventional energy business, alternative and renewable energy producers, alternative fuel producers, and related service and manufacturing enterprises. OneBeacon also offers tuition reimbursement insurance, collector car and boat insurance, worldwide insurance solutions for the information technology and medical technology sectors, broad property and general liability protections for a broad range of financial services companies, excess property and inland marine coverage, and monoline property and inland marine products.

OneBeacon offers excellent insurance solutions that are backed by integrity, flexibility, and responsiveness. The company’s veteran insurance specialists own an immersed knowledge of every market they serve. In addition, they have advanced skills that allow them to underwrite diverse customer groups, understand specific territories and create adaptable operating structures. The company sells its insurance products and services through a network of choice independent agents, regional and national brokers, and wholesalers. These distribution partners work alongside clients–providing advice, local expertise and personalized service. OneBeacon also assures its clients of first-rate claims service by providing fast and fair delivery of claim resolutions in its customers’ time of need. Local OneBeacon adjusters are available 24 hours a day and seven days a week to provide speedy investigation and resolution of claims.

Backed by financial strength, OneBeacon assures its clients security consistent through time. The company boasts of solid ratings from independent insurance rating agencies which are benchmarks for assessing insurers’ financial strength. A.M. Best has affirmed the financial strength rating of A for the company, while Moody’s has a rating of A2. Furthermore, OneBeacon received a rating of A from Fitch and A- from Standard and Poor’s.

In 2009, OneBeacon reached net written premiums of $1,906.7 million, earned premium of $1,959.5 million and stockholders’ equity of $1,429 million. As of September 2010, the company has a $1,003.1 million net written premiums, $1,199.4 earned premium, and $1,219.1 stockholders’ equity.

The company’s President and Chief Executive Officer is Timothy Miller. Dennis Smith serves as the Secretary, while Todd Mills works as the Treasurer. The Senior Vice Presidents include Brian Poole (chief actuary), Andrew Camase, Alexander Archimedes, Anne Andrews (controller), Paul McDonough (Chief Financial Officer), Bradford Rich (general counsel), Terry Thompson (Chief Underwriting Officer), Dana Hendershott (chief administrative officer), Gary Plotkin, (Chief Information Officer), and Thomas Schmitt (Chief Human Resources Officer). The company trustees are Andrew Camase, Michael McSally, Thomas Schmitt, Joan Geddes, Timothy Miller, Dana Hendershott and Brian Poole.