Moody's affirms OneBeacon

Moody's Investors Service said it has affirmed the A2 insurance financial strength ratings of the OneBeacon Insurance Group inter-company pool and Baa2 senior debt ratings of its intermediate parent, OneBeacon U.S. Holdings, Inc.

In the same rating action, Moody's said it has assigned provisional ratings (senior at provisional Baa2) to OneBeacon U.S.'s $1 billion shelf registration.

Moody's said that its affirmation of OneBeacon's ratings reflects the company's solid market position, strong agency relationships, improving profitability, and balanced mix of specialty, commercial and personal lines business.

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