OneBeacon Surety Group Announces U.S. Leadership Appointments, Expanded Capacity

News Release

June 12, 2018

PLYMOUTH, Minn. (June 12, 2018) -- OneBeacon Surety Group, a member of OneBeacon Insurance Group, today announced changes to the roles and responsibilities of members of its U.S. leadership team. In addition, it is now offering up to $250,000,000 in aggregate surety bond capacity for qualifying clients.

Building upon his 25 years of Surety industry experience and his strong leadership of OneBeacon Surety Group, Chad Anderson has been named Head of North American Surety. Chad will lead Surety teams across the U.S. and Canada, who will continue to operate in their local markets as OneBeacon and Intact Insurance, respectively.

Additionally, John Guglielmo has been appointed Head of U.S. Commercial Surety and Michael Seff has been appointed Chief Underwriting Officer for Commercial Surety in North America. Both will continue reporting directly to Mr. Anderson.

Guglielmo brings more than 22 years of surety business experience to his new role. For the last six years he has served as Senior Vice President at OneBeacon Surety Group, overseeing the Mid-Atlantic, Midwest and New England regions. As Head of U.S. Commercial Surety he will have operational responsibilities for OneBeacon Surety’s eight regional U.S. offices.

Seff, also a seasoned surety professional with more than 20 years of industry experience, most recently served as Senior Vice President of the Surety Group’s New York Metro, Northwest and Southwest regions. As Chief Underwriting Officer of North American Commercial Surety, he will lead North American commercial surety underwriting strategy and support for large exposures.

“We are very pleased to offer additional capacity to our customers, as well as provide the leadership structure and alignment to assist and support this growth,” said Mr. Anderson. “As we continue to grow our business, I look forward to working with this expert team to expand our marketplace presence across North America.”

Current underwriting processes and regional contacts for agents, brokers and customers will remain unchanged. For more information on OneBeacon Surety group, visit onebeaconsurety.com.

About OneBeacon Surety Group: OneBeacon Surety Group offers a broad range of commercial bonds targeting Fortune 2500 and large private companies, written through a network of independent agencies, brokers and wholesalers. Business is serviced utilizing a regional approach in the U.S. and Canada.

About OneBeacon: OneBeacon Insurance Group Holdings, Ltd. (“OneBeacon”) is a subsidiary of Intact Financial Corporation (TSX: IFC). OneBeacon’s underwriting companies offer a range of specialty insurance products sold through independent agencies, regional and national brokers, wholesalers and managing general agencies. Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment, and providing distinct products and tailored coverages and services. OneBeacon’s solutions target group accident and health; commercial surety; entertainment; environmental; excess property; financial institutions; financial services; healthcare; management liability; ocean and inland marine; public entities; technology; and tuition refund. For further information about our products and services visit: onebeacon.com and to remain up to date on OneBeacon’s news, follow us on Twitter @OneBeaconIns or visit our online newsroom: onebeacon.com/newsroom. For information about Intact Financial Corporation visit: intactfc.com.

Intact Insurance Specialty Solutions is the marketing brand for the insurance company subsidiaries of Intact Insurance Group USA LLC. Coverages may be underwritten by one of the following insurance companies: Atlantic Specialty Insurance Company, a New York insurer; Homeland Insurance Company of New York, a New York insurer; Homeland Insurance Company of Delaware, a Delaware insurer; OBI America Insurance Company, a Pennsylvania insurer; OBI National Insurance Company, a Pennsylvania insurer; or The Guarantee Company of North America USA, a Michigan insurer. Each of these insurers maintains its principal place of business at 605 Highway 169 N, Plymouth, MN 55441, except The Guarantee Company of North America USA, which is located at One Towne Square, Southfield, MI 48076. This material is intended as a general description of certain types of insurance coverages and services. Coverages and availability vary by state; exclusions and deductibles may apply. Please refer to your insurance policy or consult with your independent insurance advisor for information about coverages, terms and conditions. Some coverage may be written by a surplus lines insurer through a licensed surplus lines broker. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.