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.
Building Fortification And The Role of The Insurance Industry 
Bayer to Make $10.5 Billion Push to Settle Roundup Cases 
Claims Handling Breakdowns From LA Wildfires One Year on 
Red Flags Adjusters Should Look for in Truck Accident Claims Investigations 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.