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OneBeacon Insurance Group LLC has hired Nelson Kefauver, who most recently was a senior underwriter at rival Great American Insurance Group, as president of its management liability unit, the Plymouth, Minnesota-based insurer announced Monday.
Mr. Kefauver, who is based in Chicago, will lead a specialty underwriting team focusing on management liability insurance for nonprofit and private companies, OneBeacon said in a statement.
Previously, he was chief underwriting officer for the executive liability practice for Cincinnati-based Great American.
Mr. Kefauver replaces Stacy Paquet, who has left OneBeacon “to pursue other opportunities,” a spokeswoman for the insurer said in an email.
OneBeacon was bought by Intact Financial Corp. in 2017.
OneBeacon Surety Group, part of OneBeacon Insurance Group Holdings Ltd., will increase its aggregate surety bond capacity for qualifying clients to $250 million, OneBeacon Surety said in a statement Tuesday.