MINNETONKA, Minn., June 30, 2015 /PRNewswire/
-- OneBeacon Insurance Group recently awarded
$2,000 scholarships to 16 high-school
seniors, including eight children of OneBeacon employees and eight
children of the company's distribution partners. Recipients were
selected based on their academic performance, leadership roles and
participation in school and community activities.
OneBeacon CEO Mike Miller said,
"OneBeacon congratulates this group of exceptional students and is
excited to recognize their efforts with college scholarships. We
wish them great success throughout their college years and
beyond."
OneBeacon's scholarship program is funded by the OneBeacon
Charitable Trust and managed by Scholarship Management Services®, a
nonprofit scholarship program administrator. Now in its
12th consecutive year, the program is available to
OneBeacon employees and the agents, brokers and wholesalers that
represent the company's various specialty businesses. Since its
inception in 2003, OneBeacon's program has awarded over 220
students with college scholarships.
The 2015 OneBeacon scholarship winners are listed below:
Scholarship
Recipient
|
Company
(parent's employer)
|
College
Attending
|
Sarah Bond
|
OneBeacon
|
St. Olaf College;
Northfield, MN
|
Claire Del
Sorbo
|
AmWins Brokerage
NY
|
Fordham University;
Bronx, NY
|
Lauren
Dobrolinsky
|
Assurance Agency,
Ltd.
|
Indiana University
Bloomington; Bloomington, IN
|
Katelyn
Furrow
|
OneBeacon
|
University of
Virginia; Charlottesville, VA
|
Brennan
Hale
|
Integro USA,
Inc.
|
University of
Georgia; Athens, GA
|
Tanner
Hansen
|
OneBeacon
|
St. Cloud State
University; St. Cloud, MN
|
Alexandra
Kish
|
CRC
Insurance
|
Texas Christian
University; Fort Worth, TX
|
Alexa
McCue
|
OneBeacon
|
Quinnipiac
University; Hamden, CT
|
Kendall
Monson
|
Wells Fargo
Insurance
|
Gonzaga University;
Spokane, WA
|
Taylor
Phillips
|
OneBeacon
|
Oklahoma State
University; Stillwater, OK
|
Meagan
Sundstrom
|
OneBeacon
|
University of
Connecticut; Storrs, CT
|
Mason
Tannenbaum
|
OneBeacon
|
Rice University;
Houston, TX
|
Auburn
Terry
|
J. Smith Lanier &
Co.
|
Faulkner University;
Montgomery, AL
|
Matthew
Treacy
|
OneBeacon
|
Georgetown
University; Washington, DC
|
Samantha
Trimble
|
CRC
Insurance
|
University of
Tennessee; Knoxville, TN
|
Jessica
Williams
|
Marsh &
McLennan
|
Duke University;
Durham, NC
|
The OneBeacon Charitable Trust is a tax-exempt private
foundation under Section 501(c)(3) of the Internal Revenue Code
managed by employees of OneBeacon Insurance Company.
About OneBeacon: OneBeacon Insurance Group, Ltd. is a
Bermuda-domiciled holding company
that is publicly traded on the New York Stock Exchange under the
symbol "OB." OneBeacon's underwriting companies offer a range of
specialty insurance products sold through independent agencies,
regional and national brokers, wholesalers and managing general
agencies. Each business is managed by an experienced team of
specialty insurance professionals focused on a specific customer
group or industry segment, and providing distinct products and
tailored coverages and services. OneBeacon's solutions target group
accident; commercial surety; crop; design professionals;
entertainment; environmental; excess property; financial services;
healthcare; management liability; ocean and inland marine;
programs; public entities; technology; and tuition refund. For
further information about our products and services visit:
www.onebeacon.com and to remain up to date on OneBeacon's news,
follow us on Twitter @OneBeaconIns or visit our online newsroom:
www.onebeacon.com/newsroom.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This news release may contain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements,
other than statements of historical facts, included or referenced
in this news release that address activities, events or
developments which we expect will or may occur in the future are
forward-looking statements. The words "will," "believe," "intend,"
"expect," "anticipate," "project," "estimate," "predict," and
similar expressions are also intended to identify forward-looking
statements. These forward-looking statements include, among others,
statements with respect to OneBeacon's:
- change in book value per share or return on equity;
- business strategy;
- financial and operating targets or plans;
- incurred loss and loss adjustment expenses and the adequacy of
our loss and loss adjustment expense reserves and related
reinsurance;
- projections of revenues, income (or loss), earnings (or loss)
per share, dividends, market share or other financial
forecasts;
- expansion and growth of our business and operations;
- future capital expenditures; and
- pending legal proceedings.
These statements are based on certain assumptions and analyses
made by us in light of OneBeacon's experience and judgments about
historical trends, current conditions and expected future
developments, as well as other factors believed to be appropriate
in the circumstances. However, whether actual results and
developments will conform to our expectations is subject to a
number of risks, uncertainties or other factors which are described
in more detail that could cause actual results to differ materially
from expectations, including:
- claims arising from catastrophic events, such as hurricanes,
windstorms, earthquakes, floods, or terrorist attacks;
- recorded loss and loss adjustment expense reserves subsequently
proving to have been inadequate;
- changes in interest rates, debt or equity markets or other
market volatility that negatively impact our investment
portfolio;
- competitive forces and the cyclicality of the property and
casualty insurance industry;
- actions taken by rating agencies from time to time with respect
to us, such as financial strength or credit rating downgrades or
placing our ratings on negative watch;
- the continued availability of capital and financing;
- our ability to retain key personnel;
- the continued availability and cost of reinsurance coverage and
our ability to collect reinsurance recoverables;
- the outcome of litigation and other legal or regulatory
proceedings;
- our ability to continue meeting our debt and related service
obligations or to pay dividends;
- the ability of our technology resources to prevent data breach
and the ability of our internal controls to ensure compliance with
legal and regulatory policies;
- our ability to successfully develop new specialty
businesses;
- changes in laws or regulations, or their interpretations, which
are applicable to us, our competitors, our agents or our
customers;
- participation in guaranty funds and mandatory market
mechanisms;
- the impact of new theories of liability;
- changes to current shareholder dividend practice and regulatory
restrictions on dividends;
- credit risk exposure in certain of our business
operations;
- our status as a subsidiary of White Mountains, including
potential conflicts of interest;
- changes in tax laws or tax treaties; and
- other factors, most of which are beyond our control, including
the risks that are described from time to time in OneBeacon's
filing with the Securities and Exchange Commission, including but
not limited to OneBeacon's Annual Report on Form 10-K for the
fiscal year ended December 31, 2014
filed February 27, 2015.
Consequently, all of the forward-looking statements made in this
news release are qualified by these cautionary statements, and
there can be no assurance that the anticipated results or
developments will be realized or, even if substantially realized,
that they will have the expected consequences. OneBeacon assumes no
obligation to update publicly any such forward-looking statements,
whether as a result of new information, future events or
otherwise.
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SOURCE OneBeacon Insurance Group, Ltd.