Water Damage: a Quiet, Slow and Expensive Claim

Did you know that water damage is one of the most common losses in the industry? With areas of the country now experiencing cold snaps, damage from a frozen pipe is possible. In the latest issue of News from the Vault, OneBeacon Financial Services’ Craig Collins discusses the many ways to prevent water damage and the existing technology you can utilize to stay alert if there’s a leak.

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2019 in Review: On the Road with Specialty Health

It’s been a busy 2019 for our Specialty Health team! Christy Vago, Julie Bobak and team traveled around the country attending industry conferences, conventions and participated in speaking engagements. They collaborated these efforts with key business partners and industry professionals, such as Health Rosetta, to participate in discussions around healthcare trends. The team also got together with one another regularly throughout the year to reflect on their accomplishments thus far. As we close the door on 2019, the team is looking forward to a successful 2020. Follow us on LinkedIn to keep up with the Specialty Health team’s efforts and events.

Here are just some of the highlights from 2019:

Health Rosetta’s Wake-Up Call Roadshow: Ending the Collateral Damage in Phoenix

HINT Summit, a Direct Primary Care conference in San Francisco

OneBeacon Healthcare Summit, a collaborative meeting including OneBeacon businesses that are affected by healthcare risks (Plymouth, MN)

 

Financial Services Meets in Music City

OneBeacon Financial Services recently held their annual all-team meeting down in Nashville, Tennessee to look at the year ahead, and reflect on their 2019 accomplishments. The two-day meeting included presentations from the specialty and P&C underwriting teams, in addition to hearing from key business partners. It was also a great forum for open discussion around industry trends and new business ideas.

Not only did they say goodbye 2019, but they bid farewell to a long-time colleague and friend, Keith Fruechte. To celebrate his retirement, the team made their way to downtown Nashville for dinner, and caught a show at the historic Grand Ole Opry, where country artists such as Rascal Flatts performed. It’s not a goodbye, but a see you later and best of luck to Keith!

Intact Financial Corporation completes acquisition of specialty insurer The Guarantee Company of North America and Frank Cowan Company Limited

TORONTO, Dec. 2, 2019 /CNW/ – Intact Financial Corporation (TSX: IFC) announced that it has today completed the acquisition (the “Acquisition”) of The Guarantee Company of North America (“The Guarantee”) and Frank Cowan Company Limited (“Frank Cowan”), having received all required regulatory approvals.

“Closing this transaction represents meaningful progress on our strategic objectives,” said Charles Brindamour, Chief Executive Officer, Intact Financial Corporation. “After months of working together on integration planning, we can now welcome The Guarantee and Frank Cowan employees into the Intact family. We look forward to continue to work together to advance our goals of bolstering our leadership position in Canada while building a leading North American specialty insurer.”

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Leading Domain Registrars Hacked by Third-Party – Protect Your Account Information

According to a recent Krebs on Security article, top domain name registrars, NetworkSolutions.com, Register.com and Web.com, issued a statement asking customers to reset their passwords after discovering a third-party gained unauthorized access to customer account information in August 2019.

Read more on our Tech Risk blog>>

Another great year at PLUS!

Earlier this week, OneBeacon Entertainment, Financial Institutions, Management Liability and Technology attended and sponsored the annual PLUS Conference held in National Harbor, Maryland. It was a great forum to connect with colleagues and develop new relationships, while keeping up with the latest trends and news in the industry. Additionally, the group hosted a cocktail hour where they caught up with their producer partners, while enjoying appetizers and cocktails at the Pienza Marketplace.

Check out a few photos below!

Join Us at the 2019 PLUS Conference in National Harbor, Maryland

Our Entertainment, Financial Institutions, Management Liability and Technology teams will be in National Harbor, Maryland for the 2019 PLUS Conference from November 11-13. We’re excited to catch up with colleagues and host our producer partners for cocktails and appetizers at the Pienza Marketplace. We look forward to seeing you there! #PLUS2019