As our valued partners, we wanted to share the recently issued A.M. Best news release with you affirming the OneBeacon Insurance Group’s ratings.
A.M. Best reaffirmed our ‘A’ rating for OneBeacon Insurance Group’s ongoing operations including the writing companies OneBeacon Government Risks utilizes. This news release further delineates that only those entities subject to the sale to Armour Group Holdings, Inc., representing OneBeacon Insurance Group’s run-off operations, are under review with negative implication. It is anticipated the sale of our exited business will be completed in 2014 and will mark OneBeacon Insurance Group’s final step in completing the transition to a specialty-only insurance carrier.
At OneBeacon Government Risks, we continue to build upon our success in large part due to you, our valued partners, and we look forward to continuing to serve the needs of our agents, brokers and insureds.
We encourage you to review the A.M. Best news release and contact us should you have any questions or comments.