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.

 

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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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!

Great Seeing You in Seattle!

We had the pleasure of hosting our producer partners in Seattle, WA for our final Product Fair of 2019! Underwriting teams from Entertainment, Environmental, Financial Services, Inland Marine, Management Liability, Technology, Specialty Property and Surety were on hand to discuss their products and services, while enjoying lunch and drinks at Loulay Kitchen & Bar. It was a great event, and we look forward to 2020 for these opportunities to see colleagues and make new connections. Thanks to all who joined us!

Check out a few photos from the event!

Join Us at WSIA Annual Marketplace Next Week!

If you’re in San Diego next week for Wholesale & Specialty Insurance Association (WSIA) Annual Marketplace, say hello to members of our Environmental and Specialty Property teams! Widely recognized as the premier event for the wholesale, specialty and surplus lines industry, the Annual Marketplace is attended by industry professionals from the United States and Great Britain, and offers unparalleled networking opportunities.

Your D&O Risks Covered: OneBeacon Financial Services Introduces Enhanced Management and Professional Liability Policy

OneBeacon Financial Services has introduced an enhanced Management and Professional Liability policy designed to further address the needs of the financial services industry, and its directors, officers, employees and banks. Coverages include: directors, officers and financial institution liability, employment practices liability, fiduciary liability, lender liability, bankers professional liability and trust errors & omissions.

What’s new for this policy?

• Non-cancelable for all three years
• Built in added protection for individuals
• Additional benefits to enhance your coverage

Why choose us?

• Competitive pricing and proactive claims handling
• Rated A+ (superior) by A.M. Best

Want to learn more? Check out MPL’s coverage details for more information or contact Craig Collins at ccollins@onebeacon.com.

Join Us in Seattle

Seattle partners! We appreciate your business and the relationship you have with OneBeacon. We hope you’ll join us at our Product Fair on Thursday, October 10. Stop by anytime from 11:30-2:30pm at Loulay located at 600 Union St, Seattle, WA. Join us for some lunch, drinks and networking to learn more about our products and services from nine of our underwriting teams:

• Entertainment
• Environmental
• Financial Services
• Healthcare
• Inland Marine
• Management Liability
• Technology
• Specialty Property
• Surety

You can register for the event here. We hope to see you there!

News from the Vault: Did Everyone Take Their Vacation This Summer?

In the latest issue of News from the Vault, OneBeacon Financial Services’ Craig Collins discusses the importance of employees taking vacation in the banking industry. In this article, he highlights the risk exposures when vacation is not taken, the warning signs, and vacation policy suggestions for the employer.

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Financial Services Attends Nebraska Bankers Convention

Our Financial Services team is exhibiting at the Annual Nebraska Bankers Convention this week in Omaha! If you’re there, stop by our booth and say hello to Dave Neuman and Jamie Slinden. Each year we look forward to this convention that provides education to the financial services community.

Great Seeing You in Phoenix!

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.