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.
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!
At OneBeacon, our people are our strongest asset, so we are always excited to welcome new talent and to offer our heartfelt thanks when long-time colleagues announce plans to step away from their roles. Today we have several such organizational announcements to share from our International Marine Underwriters (IMU) team.
Welcome Patrick Hickey and Beth Kirkpatrick
We are pleased to welcome Pat Hickey and Beth Kirkpatrick to the IMU team, both beginning June 1.
- Pat brings us 20+ years of marine experience and will join IMU’s Michelle O’Donovan as a Cargo Product Line Officer, reporting to IMU President, Bob Gallagher. Michelle and Pat will jointly oversee Cargo business across North America. Additionally, Pat will contribute to ocean marine operations in Canada. Prior to joining IMU, Pat held varied marine leadership roles, most recently at Aspen Insurance and previously at Zurich, AIG and Great American.
- Beth will join our North Pacific Regional team in Seattle as Assistant Manager, reporting to Regional President Dawn Dulay. In her new role, she will work with the regional staff on the production and underwriting of Hull, Liability, and Cargo risks. Beth has been exclusively focused on the marine market for 17 years, having previously worked at Crum &Forster, Marsh and AIG.
Please join us in welcoming both Pat and Beth to the IMU team!
Elizabeth Nittolo Retiring; Sam Hellebush Appointed Product Line Officer
After 11+ years with us, our friend and colleague Liz Nittolo will be retiring at the end of July. Over the years Liz has worked in various roles out of our New York City office, most recently as a Product Line Officer for Hull & Liability. She has also supported our marketing efforts and has been active in the marine insurance education community, frequently facilitating seminars and representing IMU at industry conferences. Thank you Liz for your many years of dedication, we wish you all the best in retirement!
Sam Hellebush will succeed Liz as Product Line Officer upon her departure, and will jointly oversee our Hull and Liability products with Bill Luce. Sam joined IMU in 2013 as a Marine Specialist and is also based out of New York City. You can contact Sam at 212.440.6565 or firstname.lastname@example.org
Congratulations Liz and Sam!
At OneBeacon, we continue to try and find creative methods to stay connected during this unprecedented time of social distancing and remote work. Our International Marine Underwriters (IMU) and Technology teams have both recently come up with unique ways to stay connected and bring a little fun to their days.
Ever since our company transitioned to remote work, IMU’s North Pacific Region has had regular conference calls. Recently the team decided to upgrade those calls to FaceTime.
“It’s wonderful to see each other’s faces, and feel more connected than to just a phone speaker,” says IMU’s Lauren Dixon.
The team is also participating in a 30 day song challenge, where team members pick one song a day based on a unique daily category. Learning a bit more about everyone’s musical tastes and interests has brought some unique fun.
Pictured from top to bottom: Sara Farren, Dawn Dulay, Leilani Sinkula, Candice Yi, Lauren Dixon
Technology Shows Their Work
The Technology team recently decided to put their own spin on a remote work stations selfie contest. Participants were asked to take a selfie at their home “offices”– serious and/or silly. The winner, Pam Pearson, was chosen by a neutral judge (team member spouse) and received a prize in the mail.
International Marine Underwriters (IMU), a member of OneBeacon Insurance Group, has introduced an enhanced Ocean Cargo policy designed to address the needs of an increasingly global ocean marine market and enable customers to easily review coverage details on a redesigned form.
Read the full news release on onebeacon.com
Recently we had the pleasure of hosting producers in Phoenix, AZ for our second open house of the year. Eight of our businesses were on hand to discuss their products and services, while enjoying lite bites and drinks during a warm Phoenix evening at the Culinary Dropout. Underwriting teams from Entertainment, Environmental, Financial Services, Government Risks, International Marine Underwriters, Inland Marine, Management Liability and Technology were the hosts for the evening. These events provide great opportunity see colleagues and make new connections. Thanks to all who were able to join us – it was a pleasure to host you!
Enjoy some photos from the evening.
As the temperatures begin to drop, it’s time to start thinking about next steps when it comes to your boat. The time and effort spent on the process of winterization will directly affect the boat’s performance, so protecting vessels properly is crucial. Come spring time, you will want a seamless transition back into the water!
This month’s boating tip article from National Marine Underwriters and International Marine Underwriters discusses the importance of prepping your watercraft for the winter months. The article also provides a useful checklist that outlines the priorities for winterizing a boat. Read the full article here, and visit nmu.com and imu.com for more tips and insights.
We are pleased to announce that International Marine Underwriters has expanded its product offering with information risk coverage to address a broad range of cyber incidents including data breach, threat of intrusion or interference with computer systems, damage to data and systems from cyber-attack and cyber-related litigation. Coverage is available as an endorsement to an existing IMU marine policy, including yacht club, marina and commercial marine package and certain hull and protection & indemnity policies.
Read the full announcement on imu.com.
Last month, the United States Coast Guard released their 2017 Recreational Boating Statistics Report. According to the report, last year saw a decrease in recreational boating accidents from 2016. The Coast Guard reported over 4,000 accidents that involved 658 deaths, 2,629 injuries and approximately $46 million dollars of damage to property.
This month’s boating tip article from National Marine Underwriters and International Marine Underwriters provides the report released by the USCG. Read the full article here, and visit nmu.com and imu.com for more tips and insights.
As you know, the Annapolis Capitol Gazette building was the scene of a tragic incident on Thursday afternoon. Our IMU Yacht Center is located in that building and thankfully, everyone on our team is safe. Our thoughts and prayers are with the Capital Gazette community and their families during this difficult time.
Our office reopened on Monday, July 2.