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OneBeacon Appoints Southern Marine & Aviation Inc.
Date:11/26/2007

Managing General Agent will handle marine cargo business for International

Marine Underwriters

CANTON, Mass., Nov. 26 /PRNewswire-FirstCall/ -- OneBeacon Insurance Group announced today that it has signed an agreement with Southern Marine & Aviation Inc., to represent its International Marine Underwriters (IMU) division. Under the agreement, IMU will assume the new and renewal business written under a primary marine cargo program managed by Southern Marine & Aviation, effective January 1, 2008.

Based in Houston, Southern Marine & Aviation is a marine-specialty Managing General Agent with more than 50 years of experience and expertise in writing commercial marine and cargo insurance. It is a division of Crump Insurance Services, Inc., and a recognized leader in the underwriting of petroleum and bulk liquid cargo insurance. Southern Marine & Aviation has the capability to write cargo interests up to $50 million.

"This partnership with Southern Marine & Aviation will provide synergies and complement the other lines of business we write," said Robert Gallagher, President of International Marine Underwriters. "In addition, combining the two books of ocean cargo business will position IMU as a market leader in the U.S."

International Marine Underwriters is a division of OneBeacon Insurance Group, which is rated A (excellent) by A.M. Best. IMU is headquartered in New York City and offers ocean marine solutions for hull, marine liabilities, and private-pleasure yachts, as well as ocean cargo.

OneBeacon Insurance Group's operating subsidiaries offer a range of specialty and segmented commercial and personal insurance products sold primarily through select independent agents. As one of the oldest property and casualty insurers in the United States, OneBeacon traces its roots to 1831 and the Potomac Fire Insurance Company. Today, OneBeacon's specialty insurance products are available countrywide, and commerci
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SOURCE OneBeacon Insurance Group
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