Insurance Journal  Mar 19  Comment 
OneBeacon Technology Insurance Group has appointed Nathan Martin as vice president overseeing the South Region. John Wurzler, OneBeacon Technology president, said Martin will work on continuing to building the company’s business and...
TheStreet.com  Mar 13  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet, Inc., or any of its contributors.  TheStreet Ratings quantitative algorithm evaluates over 4,300 stocks on...
Insurance Journal  Feb 12  Comment 
OneBeacon Insurance Group has been dealt a ratings outlook warning from Fitch Ratings and an outright downgrade from Moody’s Investors Service, stemming from substantial adverse reserve development in the 20914 fourth quarter and fiscal year....
Insurance Journal  Jan 20  Comment 
Mark Atkins has joined OneBeacon Surety Group as vice president overseeing the Northwest region. Atkins will service Alaska, Northern California, Colorado, Idaho, Montana, Oregon, Washington and Wyoming. Atkins has more than 15 years of financial...
Insurance Journal  Jan 15  Comment 
Michael Lahn has joined OneBeacon Surety Group as senior vice president of the Southwest region, which includes Arizona, Southern California, Hawaii, New Mexico, Nevada and Utah. Lahn has more than 20 years of surety business experience in...
Insurance Journal  Dec 24  Comment 
Armour Group Completes OneBeacon Run-off Acquisition The Bermuda-based Armour Group Holdings Limited announced the completion of the acquisition of the OneBeacon Run-off. “The transaction includes the acquisition of the legal entities, including...
Insurance Journal  Dec 18  Comment 
OneBeacon Environmental, a member of Hamilton, Bermuda-based OneBeacon Insurance Group Ltd., has launched a new website, www.onebeaconenvironmental.com, featuring overviews of product lines, classes of business, and industry products for specific...
Insurance Journal  Dec 17  Comment 
OneBeacon Insurance Group Ltd. has sold the renewal rights to its lawyers professional liability business to Argo Group US, Inc., a member of Argo Group International Holdings Ltd. The transaction includes renewal rights to policies renewing on or...
Benzinga  Dec 16  Comment 
Argo Group US, Inc., a member of Argo Group International Holdings, Ltd. (NASDAQ: AGII), an international underwriter of specialty insurance and reinsurance products, announced today it has entered into a binding agreement with OneBeacon...
Insurance Journal  Nov 11  Comment 
A federal judge has ruled in favor of an insurance company for the Archdiocese of Milwaukee that challenged whether it was liable for the church’s handling of child sexual abuse cases. U.S. District Judge Rudolph Randa says U.S. Bankruptcy Judge...


Company Overview

OneBeacon Insurance Group. (NYSE:OB) provides property and casualty insurance through independent agencies, regional and national brokers, wholesalers, and managing general agencies. Based in Minnetonka, Minnesota, the Company provides services primarily throughout the United States. Recently, OneBeacon has benefited from the emergence of new insurable markets and the increased quality of information collected for its predictive models. In FY2010, OneBeacon sold its personal lines business, an underperforming segment, to Tower Group and used the proceeds to reduce its long term debt. [1]

Business Growth

In FY2010, OneBeacon Insurance Group recorded revenues of $1688.5 million. [2]The company's growth was a result of the growth in its specialty insurance lines. OneBeacon's specialty insurance lines are targeted towards niche businesses such as alternative energy, allowing OneBeacon to dominant the specific markets.

Trends and Forces

Havoc wrote once a very interesting blog post about data being more impnrtaot than source code. In fact, the GPL-3 should have given extra focus to the data freedom rather than just source.I've been bitten with locked in services with both Hotmail (which I started using BEFORE MS bought the company in the '90s), and Blogsome blog engine, who don't have a way to get your data out. And as we speak, I am doing the same mistake with Twitter.

New Sources of Data Improves Insurance Models

As more relevant data is being collected from the Internet, Smart phone, personal sensors, and onboard monitoring devices, the property and casualty insurance industry gains more accurate inputs for predictive modeling. While OneBeacon has benefited from this improvement in data quality, its competitors have benefited as well. These new sources of data are one of the factors that are decreasing gross margins in the industry, as predictive models become more accurate and insurance firms compete more on price. [3]


OneBeacon competes with insurance firms who offer property and casualty insurance in the United States.

  • Mercury General (MCY) is a provider of homeowners insurance, mechanical breakdown insurance, fire insurance, umbrella insurance, and automobile insurance, and property insurance. Mercury General primarily competes with OneBeacon in the state of California. [4]
  • Arch Capital Group (ACGL) is a provider of insurance and reinsurance in the United States, Europe, Canada, Australia and South Africa. [5]
  • HCC Insurance Holdings (HCC) is a provider of specialty insurance in United States, the United Kingdom, Spain and Ireland. Types of insurance offered includes property and casualty, accident, health, credit, and aviation. [6]


  1. Global Data Research Report, April 2011
  2. Global Data Research Report, April 2011
  3. [Global Insurance Center: US Property/Casualty Insurance Industry, January 2011 | http://www.ey.com/Publication/vwLUAssets/2011_US_property_casualty_outlook/$FILE/US_property_casualty_outlook.pdf]
  4. Hoover's MCY
  5. Hoover's ACGL
  6. Hoover's HCC
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