UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (date of earliest event reported):  December 3, 2009

 

ONEBEACON INSURANCE GROUP, LTD.

(Exact name of registrant as specified in its charter)

 

Bermuda

(State or Other Jurisdiction of
Incorporation)

 

1-33128

(Commission File Number)

 

98-0503315

(IRS Employer
Identification Number)

 

601 Carlson Parkway

Minnetonka, Minnesota  55306

(Address of Principal Executive Offices) (Zip Code)

 

(952) 852-2431

(Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


 

ITEM 8.01       OTHER EVENTS

 

On December 3, 2009, OneBeacon Insurance Group, Ltd. (the “Company”) issued a press release announcing that it has sold the renewal rights to its non-specialty Commercial Lines business to The Hanover Insurance Group, Inc.  As consideration, the Company has received $23.25 million plus will receive an additional 10% for premiums renewed above $200 million.  The press release announcing the transaction is furnished herewith as Exhibit 99.1.

 

ITEM 9.01       FINANCIAL STATEMENTS AND EXHIBITS

 

(d)  Exhibits

 

Exhibit 99.1      Press Release issued by the Company dated December 3, 2009

 

2


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

ONEBEACON INSURANCE GROUP, LTD.

 

 

 

 

Date: December 3, 2009

 

 

By:

/s/ Jane E. Freedman

 

 

Jane E. Freedman

 

 

Secretary

 

3