ONEBEACON INSURANCE GROUP, LTD. (NYSE:OB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02(b)
DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
White Mountains Insurance Group, Ltd. (“White Mountains”) has announced that Reid T. Campbell will become the Executive Vice President and Chief Financial Officer of White Mountains, effective May 17, 2017. Concurrently with Mr. Campbell’s promotion to Executive Vice President and Chief Financial Officer, David T. Foy, a director of OneBeacon Insurance Group, Ltd. (the “Company”), and the current Executive Vice President and Chief Financial Officer of White Mountains, will become an advisor to White Mountains senior management effective as of May 17, 2017 until the end of the year. In connection with this transition of his role with White Mountains, Mr. Foy has resigned as a Class II director of the Company, effective as of May 17, 2017. As a result of his departure from the Company’s Board of Directors (the “Board”) Mr. Foy will no longer be standing for re-election to the Board at the Company’s 2017 Annual General Meeting of Members.
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. ONEBEACON INSURANCE GROUP, LTD. (NYSE:OB) Recent Trading Information
ONEBEACON INSURANCE GROUP, LTD. (NYSE:OB) closed its last trading session 00.00 at 18.24 with 4,657,623 shares trading hands.
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