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OneBeacon and Hagerty Alliance Moves Forward

April 14, 2008

Canton, Mass. — OneBeacon Insurance Group and Hagerty Insurance Agency and Hagerty Classic Marine Insurance Agency, the nation's premier collector car and classic boat agencies, are collaboratively providing property/casualty insurance solutions to these markets. The companies had previously announced their planned alliance in April 2007. Hagerty has been providing specialized services for collector car and wooden boat enthusiasts for nearly 25 years.

"We are thrilled to be writing new business with Traverse City, Mich.-based Hagerty after nearly a year collaborating on products and a supporting platform to serve the collector markets,” says Mike Miller, CEO of OneBeacon. “We have all been inspired by the Hagerty team's deep knowledge and passion about collector cars and boats. Needless to say, we are very excited about this new OneBeacon specialized capability delivered with our exceptional Hagerty partners."

Through this alliance, Hagerty will continue its emphasis on providing tailored coverages for collectible automobiles and wooden boats, according to Canton, Mass.-based OneBeacon. OneBeacon's select network of independent agents has immediate access to these products as Hagerty subproducers.

"We have been quite impressed by OneBeacon's commitment to readily handle our customers' unique needs,” says McKeel Hagerty, CEO of Hagerty. “As a company that emphasizes specialization, they recognize the deep value delivered through tailored products and underwriting expertise. We look forward to a long-term relationship with our new partners at OneBeacon."

Source: OneBeacon Insurance Group

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