OneBeacon Acquires Renewal Rights for Brit Global Specialty’s Admitted First Dollar Package Public Entity Portfolio

We are pleased to announce the acquisition of the renewal rights to Brit Global Specialty USA’s admitted ‘First Dollar Package’ Public Entity portfolio. Additionally, Sharon Wright has joined OneBeacon and will lead the portfolio transition and expansion.

Read the full news release >>

OneBeacon Acquires International Bond & Marine Brokerage, Ltd.

We are pleased to announce the acquisition of International Bond & Marine Brokerage, Ltd. (“IB&M”), a privately held brokerage specializing in the international trade markets. Through this transaction, OneBeacon expands its owned-brokerage assets and innovatively reshapes its customs bonds market offerings through an end-to-end risk management platform.

Read the full news release here>>

OneBeacon Technology Welcomes David Chavez & Jason Gitlitz

We’re pleased to welcome two new members to our Technology team—David Chavez and Jason Gitlitz.

David joins us as our Information Technology Solutions™ (ITS) Product Manager, bringing more than 25 years of experience to the team. Based out of San Francisco, David is an Attorney by trade, specializing in cyber-related issues for small and mid-size companies. David has managed data breach response efforts, co-written a leading cyber policy, and underwritten scores of technology accounts.   Prior to joining OneBeacon, David held senior roles at Berkley Life Sciences and Hiscox. David can be reached at dchavez@onebeacon.com.

Jason joins our New England regional technology underwriting team, based out of Boston. With experience as both an agent and an underwriter, Jason brings well-rounded capabilities to the team. Prior to joining OneBeacon, Jason was an underwriter at CNA in their healthcare facilities unit.  Jason can be reached at jgitlitz@onebeacon.com.

Welcome to OneBeacon, David and Jason!

Welcome Ran and Brian, OneBeacon’s summer law clerks

This summer, we’re pleased to welcome two law clerks to the OneBeacon Corporate Legal team. Ran Lu (University of Minnesota Law School) and Brian Ortiz (University of Iowa Law School) joined us this month as part of the Twin Cities Diversity in Practice (TCDIP) 1L Rotation Clerkship program.

TCDIP is a non-profit organization “comprised of leading Twin-Cities employers with a vision to create a vibrant and inclusive legal community and a mission to strengthen the efforts of member organizations to attract, recruit, advance, and retain attorneys of color.”  More information can be found on the organization’s website at http://diversityinpractice.org/about.

We’re very proud to be a corporate member and to support the program.  Welcome Ran and Brian!

Ran Lu (University of Minnesota Law School)
Brian Ortiz (University of Iowa Law School)

Financial Services New Product Alert: Mortgageholders Coverage Program

Economic risks and exposures associated with mortgage portfolios have become more complex; so has protecting banks from losses. To help solve for this, OneBeacon Financial Services has created their Mortgageholders Coverage Program (MCP)! The new policy accounts for different types of losses that could impair mortgages, as well as certain exposures from originating and servicing loans.

Check out the latest News from the Vault article, featuring an overview of the product and coverage highlights.

 

IMU’S Potter and Buffa Earn AMIM Designation

Congratulations to International Marine Underwriters’ Ben Potter and Joel Buffa, both of whom have recently earned their Associate in Marine Insurance Management (AMIM) designations. Potter and Buffa, both located in California, utilized their recent remote work situations to focus on the coursework to complete the designations and their hard work has paid off!

AMIM is the Insurance Institute of America’s professional designation for marine insurance professionals. The AMIM is designed to deepen the understanding of marine insurance for those who frequently advise clients in marine insurance cases. The AMIM’s areas of expertise include ocean marine insurance, inland marine insurance, principles of risk management and insurance, insurance company operations, legal environment of insurance and management. AMIM candidates gain improved knowledge about how marine insurance covers the damage or loss of ships, cargo, hulls, terminals, shipyards or any property by which cargo is acquired, transferred or held between the points of origin and final destination.

In addition to his AMIM, Joel hopes to have the last of his Property Casualty Underwriter (CPCU) designation exams completed this summer as well.  We wish him the best of luck!

Crime Coverage Webinar Replay Available

Thank you to all who joined our “Crime Coverage 101” webinar last week, hosted by OneBeacon Management Liability’s Nelson Kefauver and Brian Lester. We hope you enjoyed the event.

If you were unable to join the live webinar, or would like to review the information again, please enjoy this replay.

For more information on crime coverage and other management liability products and services, visit onebeaconml.com.