ONEBEACON INSURANCE GROUP, LTD. (NYSE:OB) Files An 8-K Changes in Registrant’s Certifying AccountantItem 4.01. Changes in Registrant’s Certifying Accountant.
On September 28, 2017, in connection with the previously announced consummation of the merger (the “Merger”) of OneBeacon Insurance Group, Ltd. (the “Company”) with a subsidiary of Intact Financial Corporation, PricewaterhouseCoopers LLP (“PwC”) was dismissed as the Company’s independent registered public accounting firm. The decision to dismiss PwC as the Company’s independent registered public accounting firm, contingent upon the consummation of the Merger, was approved by the Audit Committee of the Company’s Board of Directors.
PwC’s reports on the Company’s financial statements for the fiscal years ended December 31, 2016 and 2015 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. In addition, during the fiscal years ended December 31, 2016 and 2015, as well as during the subsequent interim period through September 28, 2017, there were no (i) “disagreements” (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and PwC with respect to any matter relating to accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of PwC, would have caused PwC to make reference to the subject matter of such disagreements in connection with its reports on the financial statements for such periods; or (ii) “reportable events” (as defined in Item 304(a)(1)(v) of Regulation S-K and the related instructions).
The Company has provided PwC with a copy of the disclosures required by Item 304(a) of Regulation S-K contained in this Item 4.01 and has requested that PwC furnish the Company with a letter addressed to the SEC stating whether PwC agrees with the statements made by the Company in this Item 4.01 and, if not, stating the respects in which it does not agree. A copy of PwC’s letter, dated September 28, 2017, is filed herewith as Exhibit 16.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
|
Exhibit No. |
Description of Exhibit |
|
16.1 |
Letter from PricewaterhouseCoopers LLP addressed to the U.S. Securities and Exchange Commission, dated as of September 28, 2017 |
OneBeacon Insurance Group, Ltd. ExhibitEX-16.1 2 ex16-1.htm LETTER FROM PRICEWATERHOUSECOOPERS LLP Exhibit 16.1 [PricewaterhouseCoopers LLP Letterhead] September 28,…To view the full exhibit click here
About ONEBEACON INSURANCE GROUP, LTD. (NYSE:OB)
OneBeacon Insurance Group, Ltd., through its subsidiaries, is a property and casualty insurance writer that offers a range of insurance products in the United States primarily through independent agencies, regional and national brokers, wholesalers and managing general agencies. The Company’s segments include Specialty Products, Specialty Industries, and Investing, Financing and Corporate. The Specialty Products segment consists of over 10 underwriting operating segments representing an aggregation based on those that offer products, coverages and services to customers across the United States. The Specialty Industries segment consists of over six underwriting operating segments representing an aggregation based on those that focus on a particular customer or industry group. The Investing, Financing and Corporate segment includes its investing and financing activities on a consolidated basis, and certain other activities conducted through it and its intermediate subsidiaries.