OneBeacon Insurance Awards Sixteen College Scholarships

PR Newswire

MINNETONKA, Minn., June 13, 2013 /PRNewswire/ -- OneBeacon Insurance Group recently announced the winners of its annual college scholarship program. Sixteen $2,000 scholarships were awarded – eight to OneBeacon employees' children and eight to children of the company's distribution partners. Selection criteria included academic records, leadership skills and participation in school and community activities, among others.

OneBeacon CEO Mike Miller said, "OneBeacon is pleased to recognize these sixteen exceptional students through our scholarship awards. This is the tenth year of our program, and we are always impressed with the caliber of the winners. We wish them all the best as they look forward to their college experience."

OneBeacon's scholarship program is managed by Scholarship Management Services®, a nonprofit scholarship program administrator, and is funded by the OneBeacon Charitable Trust. The program is available to OneBeacon employees and the agents, brokers and wholesalers that represent the company's various business units.

The 2013 OneBeacon scholarship winners are listed below:

Scholarship
Recipient

Company                                    
(parent's employer)

College Attending

Savannah Ballew

Tanner, Ballew & Maloof, Inc.

Samford University; Birmingham, AL

Travis Beaney

OneBeacon

Emerson College; Boston, MA

Connor Burke

OneBeacon

Elizabethtown College; Elizabethtown, PA

Gabrielle Dinger

Willis Group

McGill University; Montreal, Canada

Hanna Isenberg

Marsh Group

University of North Carolina; Chapel Hill, NC

Alison Jeffrey

OneBeacon

Bowdoin College; Brunswick, ME

Shannon Kirkness

OneBeacon

Ithaca College; Ithaca, NY

Shelby Morkovsky

OneBeacon

Texas A&M University; College Station, TX

Catherine Nasella

OneBeacon

SUNY University at Binghamton; Binghamton, NY

Olivia Pelletiere

Aon

Vanderbilt University; Nashville, TN

Brittany Schreiber

HUB International

Muhlenberg College; Allentown, PA

Alexander Skiljan

Hylant Group

University of Arizona; Tucson, AZ

Victoria Strain

OneBeacon

Providence College; Providence, RI

Savanna Sturkie

J Smith Lanier & Co.

University of Georgia; Athens, GA

Helen Volf

OneBeacon

Massachusetts College of Pharmacy; Boston, MA

Emma Wong

Aon

University of Michigan; Ann Arbor, MI

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 ocean and inland marine; entertainment, sports and leisure; group accident; public entities; technology; tuition refund; professional liability; environmental; excess property; programs; and commercial surety. 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 press 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 release which address activities, events or developments which we expect or anticipate 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 its 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; and
  • future capital expenditures.

These statements are based on certain assumptions and analyses made by OneBeacon in light of its experience and perception of 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 and predictions is subject to a number of risks and uncertainties 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;
  • the continued availability and cost of reinsurance coverage;
  • the continued availability of capital and financing;
  • general economic, market or business conditions;
  • business opportunities (or lack thereof) that may be presented to it and pursued;
  • competitive forces, including the conduct of other property and casualty insurers and agents;
  • changes in domestic or foreign laws or regulations, or their interpretation, applicable to OneBeacon, its competitors, its agents or its customers;
  • an economic downturn or other economic conditions adversely affecting its financial position including stock market volatility;
  • actions taken by ratings agencies from time to time, such as financial strength or credit ratings downgrades or placing ratings on negative watch;
  • the risks that are described from time to time in OneBeacon's filings with the Securities and Exchange Commission, including but not limited to OneBeacon's Annual Report on the Form 10-K for the fiscal year ended December 31, 2012 filed February 28, 2013.

Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by OneBeacon will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, OneBeacon or its business or operations. 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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