OneBeacon introduces new international coverages
OneBeacon Insurance Group has expanded its international capabilities through broadened International Kidnap and Ransom and International Business Travel Accident coverages.
OneBeacon said these coverages target several of the company’s specialty segments with international exposures, specifically Technology, Energy, Financial Services and Property and Inland Marine customers. The new coverages are available to current OneBeacon policyholders within these segments at renewal, as well as to new clients as of August 1.
Said OneBeacon International Manager Jeff Capanna, “Our goal is providing critical global coverages in a seamless manner. As these coverages are built on our @vantage® product platform, we’ve simply expanded the current package policy and thereby eliminated the need to purchase these coverages on a standalone basis.”
Ambrose Yau, OneBeacon International Manager, added, “Our International Kidnap and Ransom, and International Business Travel Accident coverages nicely round-out our already broad International Human Resources with Assistance coverage. We are very excited to be expanding our customized international solutions to address these emerging risks.”
OneBeacon’s new International Kidnap and Ransom coverage limits range from $50,000 to $5 million per occurrence. The company’s International Business Travel Accident coverage provides 24-hour coverage including 72-hour personal excursion protection.
