On the Record · OneBeacon Insurance Group
OneBeacon Insurance Group acquisitions, on the record
The businesses OneBeacon Insurance Group bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Runoff BusinessWord for word“On December 23, 2014, OneBeacon completed the sale of its run-off business to a subsidiary of Armour Group Holdings Limited (“Armour”).” 10-K for 2014 | divestiture | December 23, 2014 | — |
Essentia Insurance CompanyWord for word“Other recent transactions include the sale of Essentia on January 1, 2013, and the sale of AutoOne on February 22, 2012.” 10-K for 2014 | divestiture | January 1, 2013 | — |
AutoOneWord for word“Other recent transactions include the sale of Essentia on January 1, 2013, and the sale of AutoOne on February 22, 2012.” 10-K for 2014 | divestiture | February 22, 2012 | — |
Pennsylvania General Insurance CompanyWord for word“During 2012, we completed the sale of a shell company, Pennsylvania General Insurance Company, and received $15.0 million as consideration.” 10-K for 2014 | divestiture | 2012 | $15.0 million |
OB Lux (OB Holdings Lux)Word for word“During 2012, we sold one of our subsidiaries, OB Lux, to a subsidiary of White Mountains and recognized a gain of $14.0 million as additional paid in capital.” 10-K for 2014 | divestiture | 2012 | gain of $14.0 million |
personal lines businessWord for word“(2) The 10-year table also excludes loss and LAE reserves related to the sale of our personal lines business in 2010.” 10-K for 2014 | divestiture | 2010 | — |
Climate Crop Insurance Agency (CCIA)Word for word“On July 31, 2015, Monsanto Company sold Climate Crop Insurance Agency ("CCIA"), the third party agency with which OneBeacon previously had an exclusive managing general agency agreement, to an affiliate of AmTrust Financial Services, Inc. ("AmTrust").” 10-K for 2015 | divestiture | On July 31, 2015 | — |
building in Canton, MassachusettsWord for word“During 2015 the Company sold its building in Canton, Massachusetts, which is classified as held for sale in the December 31, 2014 balance sheet.” 10-K for 2015 | divestiture | During 2015 | — |
Runoff Business (to an affiliate of Armour Group Holdings Limited)Word for word“The most recent of these transactions was the sale of certain of our run-off business consisting of assets, liabilities and capital related principally to our non-specialty business, including the vast majority of our asbestos and environmental reserves (Runoff Business), to an affiliate of Armour Group Holdings Limited (Armour Ltd), which closed on December 23, 2014 (Runoff Transaction).” 10-K for 2016 | divestiture | December 23, 2014 | — |
Deal filings since 2016
- 2017-09-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-09-28 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-05-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from OneBeacon Insurance Group’s annual reports (10-K for 2016, 10-K for 2015, 10-K for 2014) and the financial data it files with the SEC, as of 2017-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.