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.
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