OneBeacon integrated into parent’s specialty operations
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Canadian property/casualty insurer Intact Financial Corp. has rebranded its specialty businesses, including OneBeacon Insurance Group Ltd., as Intact Insurance Specialty Solutions, the Toronto-based company said Wednesday.
The move brings together 20 specialty areas across Intact’s operations in Canada and the United States, the insurer said in a statement.
The U.S. specialty business includes OneBeacon, which Intact bought for $1.7 billion in 2017, and The Guarantee Co. of North America, a surety company Intact bought in 2019.
Intact Insurance Specialty Solutions is led by Mike Miller, president U.S. and specialty solutions for Intact and former CEO of OneBeacon, according to the statement.
OneBeacon was formed in 2001 when White Mountains Insurance Group Ltd. bought British insurer Aviva PLC’s U.S. property/casualty business.
