The completion of our acquisition by Intact Financial Corporation was announced this morning. We’re excited to officially be part of the Intact Financial Corporation family and to create a leading North American specialty insurer.
This week, the 13th Annual Directors and Officers (D&O) Liability Insurance ExecuSummit took place in Uncasville, CT, and OneBeacon was there! ExecuSummit participants are in the forefront of the D&O Insurance industry, monitoring and researching emerging issues and trends, and bringing this strategic intelligence to attendees as it is developing.
This year, Financial Institutions’ Christopher Luca co-chaired the event. Additionally, he and Financial Institutions’ Claims Robert Usinger participated on a panel titled, “Activist Investments and Claims in the Hedge Fund Space.” This panel discussed recent trends and exposures that are unique to the hedge fund space, as well as potential emerging issues.
Also part of a panel discussion this year was Enterprise Underwriting’s Ryan Sardelli. “The State of the D&O Marketplace” encompassed carrier competition, business segments like public, private and non-profit, specific classes of business, international exposures and trends.
Due to a winter storm expected to hit the Northeast on Thursday, several OneBeacon offices will be closed on February 9 including:
- Connecticut- Farmington
- Massachusetts- Boston, Canton and Quincy
- New Jersey- Holmdel and Morristown
- New York- New York City
- Pennsylvania- Blue Bell
Those employees able to work from home should be reachable by phone and email. All offices are anticipated to be open for business as usual on Friday, February 10.
Our Financial Services and Financial Institutions teams are in San Diego, CA this week for the annual American Bankers Association’s (ABA) Insurance Risk Management Forum. This conference is designed specifically to address risk management challenges facing the financial services industry.
If you are attending the event, we invite you to visit with OneBeacon Financial Services’ President Craig Collins and Vice President Gary Tannenbaum, or OneBeacon Financial Institutions’ President Kevin Koehler and Underwriting Manager Carly Mayer. We hope to see you there!
In our latest Why OneBeacon-themed video, Financial Institutions’ Senior Underwriter Alex Ward offers insight into our culture and work environment. Watch the short clip to hear Alex share what makes our workplace special. And be sure to check out other Why OneBeacon-related stories and news here.
The 12th Annual Directors and Officers Liability Insurance ExecuSummit is taking place this week in Uncasville, CT, and OneBeacon experts are there.
This ExecuSummit is an educational event specifically designed for directors and officers liability insurance professionals. It offers those who are on the forefront of the D&O insurance industry insights to essential intelligence surrounding the intricacies of this product. Attendees will obtain a unique perspective and the ability to see patters and trends emerge.
OneBeacon Financial Institutions’ Chris Luca is a co-chair of the event, and will participate on a panel titled, “Developments in Private Investment Fund Coverage and Litigation.” OneBeacon Management Liability’s Stacy Paquet is part of a session titled, “Private Company D&O/EPL/Fiduciary Underwriting Issues and Claims.”
We are excited to welcome Chris Luca to OneBeacon as Senior Vice President of Financial Institutions. In this role, Chris is helping establish our newest business, focusing on product development, distribution and underwriting matters. His insurance career has specialized in financial institutions business for over ten years. Chris most recently served as Vice President of Everest National’s Financial Institutions group since 2009. He is based in our New York City office and reports to OneBeacon Financial Institutions President Kevin Koehler.
Kevin Koehler has joined OneBeacon as President of our new Financial Institutions business, reporting to John Iannotti, President of Professional Liability. Koehler will lead a team providing professional liability, management liability and fidelity coverages targeting all classes of financial institutions.
Koehler has over 22 years of professional liability experience focused on the financial institutions sector, most recently serving as Vice President of this segment for Everest National Insurance Company. Read our news release>>