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MINNETONKA, Minn.—OneBeacon Insurance Group Ltd. has formed a new specialty business, OneBeacon Program Group to focus on small to medium commercial businesses, OneBeacon announced Monday.
OBPG will write business through select managing general agents, managing general underwriters and program administrators, the Minnetonka, Minn.-based insurer said. Dan Beaudette, previously senior vp at Arch Insurance Group Inc., was named president of OBPG. In addition to Beaudette, three other Arch veterans have joined OBPG. Greg Deville was named senior vp and chief underwriting office, Randy Worth was named senior vp and Bryan Wakefield was named claims vp of the new business. The team will be based in Denver.
“We are very excited to welcome Dan and his team to OneBeacon,” Dennis Crosby, OneBeacon’s executive vp of specialty lines, said in a statement. “We view this opportunity as a natural extension of our specialty capabilities and look forward to their disciplined approach in building this book of business in the years ahead.”
NEW YORK—Timely notice must be given to obligate an insurer to pay defense costs, a New York Supreme Court's appellate division has ruled.