QUOTE AND NEWS
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...
Insurance Journal  Oct 7  Comment 
OneBeacon Entertainment (OBE), a member of OneBeacon Insurance Group, has opened an office in Chicago, Ill., led by Mark Stuckel. Stuckel comes to OneBeacon with 35 years of underwriting experience, much of which was spent serving in various...
newratings.com  Jul 8  Comment 
AMSTERDAM (dpa-AFX) - Koninklijke Philips Electronics NV (PHGFF.PK, PHG) said it received 510 (K) marketing clearance from U.S. Food and Drug Administration or FDA, for its innovative ultra mobile ultrasound system VISIQ. VISIQ with its...
Cloud Computing  Jul 2  Comment 
Kinder sind große Entdecker. Jeden Tag erwartet sie ein neues Abenteuer mit vielen interessanten Entdeckungen an aufregenden neuen Orten. Bei der Entscheidung, OB und WANN Sie diese Orte ebenfalls aufsuchen sollten, ist Ihnen...
Insurance Journal  Jun 23  Comment 
OneBeacon Insurance Group Ltd. said it is making progress in the sale of its runoff business to Armour Group Holdings Limited and restated its expectation that the transaction will close in the second half of 2014. The company said there … The...
Benzinga  May 28  Comment 
Below are the top surety & title insurance stocks on the NYSE and the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at Assured Guaranty (NYSE: AGO) is 77.20%. Assured Guaranty's ROE for the same period is...
DailyFinance  Mar 25  Comment 
MOUNTAIN VIEW, CA -- (Marketwired) -- 03/25/14 -- TVU Networks, the global technology leader in live mobile electronic newsgathering (ENG) solutions today announced the release of TVU MLink, a series of rack-mountable cellular uplink...
DailyFinance  Mar 14  Comment 
SAN DIEGO, CA -- (Marketwired) -- 03/14/14 -- St. Patrick's Day celebrations are always one for the books! This year San Diego does not disappoint. There is a downtown Irish 4 a Day club/bar crawl and the famous Downtown ShamROCK event on...
Insurance Journal  Feb 28  Comment 
A.M. Best has maintained the under review with negative implications status on the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of certain indirect subsidiaries of OneBeacon Insurance Group,...
StreetInsider.com  Feb 27  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/OneBeacon+Insurance+Group+Ltd.+%28OB%29+Declares+%240.21+Quarterly+Dividend%3B+5.2%25+Yield/9223966.html for the full story.




 
TOP CONTRIBUTORS

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]

Competition

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]





References

  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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