OneBeacon Program Group

OneBeacon Program Group (OBPG) provides a rewarding and complementary partnership approach to reputable and proven Program Administrators (PAs) or MGUs/MGAs that target specialty, niche-oriented program business.

Our dedicated team of highly technical insurance professionals knows and understands this industry. With our unique specialty platform, we are able to offer services for a proactive, flexible and differentiated approach to program business in today’s competitive marketplace.

Highlights

Competitive Commissions
Profit Sharing
Customized Countrywide Coverage (both Admitted & Non-Admitted)
Flexible and Competitive tiered rating
IT Systems – We can provide a flexible all-lines rating, policy issuance, and fully interfaced system (if requested)
Technical underwriting support
Flexible payment options

Products

Our core appetite is centered on small-to-medium commercial business accounts commensurate with any capacity requirements needed. Our competitive, broad-based “package” product offering can include, but is not limited to:

General Liability
Employment Practices Liability
Professional Liability & Wrongful Acts
Umbrella/Excess
Property
Equipment Breakdown
Inland Marine
Crime
Commercial Auto & Truckers
Cyber Coverage
Workers Compensation

Targeted Annual Premium:

$10 million and above for national multi-line admitted programs
Consideration will be given to smaller programs based on overall return potential and long-term scalability

Program Administrator Expectations

Each program administrator must demonstrate the following:

Proficiency and aptitude to properly execute all functions of the underwriting and policy administration process
Technical and professional expertise
A disciplined underwriting approach
Financially stable
Differentiated business strategy

If a carrier-provided rate-quote-issuance-interface system is needed, we have that capability.

Risk Sharing:

Risk sharing or captive alternatives may be considered but would be handled by another division of OneBeacon and outside the traditional program model.

Claims:

Claims administration will be handled by our in-house team of professional adjusters or by approved Third Party Administrators (TPAs) where appropriate or required.

Industries Served

We are open to explore most any niche program with a strong reputation/quantifiable results and a willing potential partner to conduct a mutual due diligence evaluation.

Some of the less desirable characteristics include:

Unsupported (or monoline) Workers Compensation programs
Heavily CAT exposed property programs
Mainstream personal lines
Surety programs