OneBeacon Insurance Group, Ltd., a Bermuda-domiciled holding company, announced it has sold the renewal rights to its lawyers professional liability business to Argo Group US, Inc., a member of Argo Group International Holdings, Ltd.
The transaction includes renewal rights to policies renewing on or after January 1, 2015 on approximately $30 million of expiring premium within the company’s broader professional insurance business.
Source: OneBeacon Insurance Group, Ltd.
Was this article valuable?
Here are more articles you may enjoy.
Cape Cod Faces Highest Snow Risk as New Coastal Storm Forms 
One out of 10 Cars Sold in Europe Is Now Made by a Chinese Brand 
China Bans Hidden Car Door Handles in World-First Safety Policy 
These Five Technologies Increase The Risk of Cyber Claims 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.