Insurance Journal  Sep 25  Comment 
Pope Francis’ two-day visit to Philadelphia this weekend, which will close the Holy Father’s six-day apostolic journey to the U.S., has a special event policy in place with W.R. Berkley Corp. and OneBeacon Insurance as lead underwriters,...
Insurance Journal  Sep 23  Comment 
John Iannotti has joined OneBeacon Insurance Group as president of Professional Liability. Iannotti will oversee OneBeacon’s financial services, management liability and design professional liability business units, which are led by Craig...
Insurance Journal  Aug 3  Comment 
OneBeacon Insurance Group is exiting the crop insurance business. The Bermuda-domiciled insurance holding company made it official with the sale of its exclusive managing general agency – Climate Crop Insurance Agency – to AmTrust Financial...
Insurance Journal  Jun 1  Comment 
OneBeacon Management Liability, a member of OneBeacon Insurance Group, Ltd., has added a package of risk management products and services for its employment practices liability insurance (EPLI) policyholders through nationwide employment and labor...
Insurance Journal  Apr 8  Comment 
OneBeacon Insurance Group Ltd., a specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, according to people with knowledge of the matter. OneBeacon has drawn interest from companies including China’s Fosun...
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...


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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