Intact Insurance Specialty Solutions

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Intact Insurance Specialty Solutions

Industry	Insurance
Founded	2001
Successor	Intact Financial Corporation
Headquarters	Plymouth, Minnesota (Principal Executive Office)
Services	Specialty Insurance
Number of employees	Approximately 1,200
Website	www.intactspecialty.com

Intact Insurance Specialty Solutions is an Intact Financial Corporation (TSX:IFC) brand. Through its underwriting companies, it provides specialty insurance products sold through independent agencies, regional and national brokers, wholesalers and managing general agencies, to over 20 industry and customer groups.

Like many in the property-casualty industry, the company traces its roots to several legacy insurers that operated internationally over their history.

History[]

2001- White Mountains/CGU[]

On June 1, 2001, White Mountains Insurance Group, Ltd. acquired CGU's U.S. operations, and the company was renamed OneBeacon Insurance Group after the company's former "hometown" address of 1 Beacon Street in Boston.^[1]

2006- IPO & Specialty Niche[]

In 2001, the company had two specialty businesses—International Marine Underwriters and A.W.G. Dewar, ocean marine and tuition refund specialists, respectively. OneBeacon began forming additional specialty segments, starting with OneBeacon Professional Insurance (OBPI) in 2002.^{[citation needed]} In 2006, the company held its initial public offering (IPO), and began a full-specialization approach, starting new segments through teams of people or business acquisitions. Between 2009 and 2010, the company sold its non-specialty commercial lines renewal rights and personal lines.^{[citation needed]}

2017- OneBeacon Acquired by Intact Financial Corporation[]

On September 28, 2017, (former) OneBeacon Insurance Group, Ltd. was acquired by Intact Financial Corporation. The merger created a leading specialty insurer in North America, combining Intact's leading commercial lines track record, deep data, claims and digital expertise with OneBeacon's outstanding team and specialty lines capabilities.^[2]

2020 - OneBeacon Insurance Group becomes Intact Insurance Specialty Solutions[]

On October 14, 2020, Intact Financial Corporation officially brought together its Canadian and U.S. specialty capabilities under a single brand: Intact Insurance Specialty Solutions. The U.S. businesses had formerly operated under the OneBeacon Insurance Group and The Guarantee Company of North America brands in the U.S., following the 2017 and 2019 acquisitions of these specialty companies, respectively.

Specialty Businesses[]

Today, Intact Insurance Specialty Solutions features multiple specialty insurance products and services, and, through its underwriting companies, offers coverages in all 50 states. The company's specialty businesses include A.W.G. Dewar, Accident & Health, Entertainment, Environmental, Financial Institutions, Financial Services, Inland Marine, Management Liability, Ocean Marine, Public Entities, Specialty Property, Surety and Technology Insurance.

References[]

External links[]

• OneBeacon Insurance Group homepage
• Documents and clippings about Intact Insurance Specialty Solutions in the 20th Century Press Archives of the ZBW