OneBeacon Acquires Renewal Rights for Brit Global Specialty’s Admitted First Dollar Package Public Entity Portfolio

Producers Careers Specialty Solutions Canada

News Release

September 16, 2020

PLYMOUTH, Minn. September 16, 2020 /PR Newswire/ – OneBeacon Insurance Group, the brand for Intact Financial Corporation’s (TSX: IFC) U.S. insurance company subsidiaries, today announced that it has acquired 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.

Said Bradley York, President of OneBeacon Government Risks, “Through this agreement, we strengthen OneBeacon’s public entity capabilities with a complementary portfolio that broadens our network and expertise into smaller local governments. We’re also excited to welcome Sharon to OneBeacon. Her deep expertise in the public entity segment parallels our approach and I look forward to working with her.”

Said Wright, “I am excited to join OneBeacon and the Government Risks team. I look forward to building upon a strong and established public entity portfolio and continuing to grow and service a business and specific market segment that I know well.”

The First Dollar portfolio acquired in the transaction provides admitted coverage for cities, towns, villages, boroughs, water-sewer utilities and other special service districts in 14 states across the U.S. Not included in the transaction is Brit Global Specialty USA’s ‘Alternative Risks’ business, its longstanding core E&S offering to public and nonprofit clients.

In the U.S. OneBeacon offers public entity solutions including property, casualty and professional liability comprised of law enforcement, public officials and employment practices liability. In Canada, coverage is available through Frank Cowan Company, a Managing General Agent and a leading provider of specialized insurance programs. Frank Cowan Company is a wholly owned subsidiary of Intact Financial Corporation. For more information about our North American public entity capabilities, visit onebeacongov.com and frankcowan.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.