DEA Controlled Substances & Regulatory Compliance Whitepaper Available

Medicine plays a vital role in safeguarding public health throughout the world. Pharmaceutical companies develop medicines to treat and cure sickness and disease. However, despite these noble intentions, occasionally substances created for a specific therapeutic purpose become dangerous. As such, federal and state governments have passed numerous laws to control and manage the prescription, use, storage, handling and disposal of such controlled substances.

To offer you and your clients deeper insights on this topic, we are pleased to announce the publication of our latest Technology whitepaper titled “DEA Controlled Substances & Regulatory Compliance” authored by Technology Risk Control Specialist Elizabeth Marazzo. In this whitepaper, she provides an overview of DEA requirements and controls that should be in place for organizations who handle, manufacture and/or store controlled substances.

Please do not hesitate to contact us with any questions. More whitepapers can be found on our website at onebeacontech.com/whitepapers.

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!

Consent Phishing: Cyber Criminals Want More Than Your Password

The use of cloud collaboration apps such as Zoom, Webex, and Microsoft Teams, has grown dramatically over the past several months. As a result, application-based cyber attacks are becoming more prevalent. Capabilities inherent in applications are being used to gain unauthorized access to people’s data.

Read more about this emerging risk on our TechRisk Blog >>

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.