OneBeacon Insurance Awards Sixteen College Scholarships

MINNETONKA, Minn., June 18, 2012 /PRNewswire/ -- OneBeacon Insurance Group recently announced the winners of its annual college scholarship program. Sixteen high-school seniors were awarded $2,000 scholarships, including OneBeacon employees' children as well as children of the company's distribution partners. Winners were selected based on criteria such as academic record, leadership skills and participation in school and community activities.

OneBeacon CEO Mike Miller said, "OneBeacon is pleased to recognize these recent high-school graduates who have demonstrated their capabilities through academic excellence, strong leadership and contributions to their communities. Through our scholarship program, we are able to contribute to their future as they begin their college studies."

OneBeacon's scholarship program is managed by Scholarship Management Services®, a nonprofit scholarship program administrator, and is funded by the OneBeacon Charitable Trust. This marks the ninth year that the program has awarded scholarships, which were increased from $1,500 to $2,000 beginning in 2012.

The 2012 OneBeacon scholarship winners are listed below:

Scholarship Recipient	Company (parent's employer)	Office Location	College Attending
Caitlyn Baker	First Niagara	Plymouth Meeting, PA	La Salle University
Elysa Bond	OneBeacon	Boston, MA	St. Olaf College
Bernadette Burke	OneBeacon	Philadelphia, PA	Rutgers, The State University of New Jersey
Lauren Burnette	Burnette Insurance	Suwanee, GA	Freed-Hardeman University
Bess Glanton	J. Smith Lanier	Carrollton, GA	Auburn University
Tyler Hoover	J. Smith Lanier	Columbus, GA	University of Southern Indiana
Lauren Johnson	OneBeacon	Zionsville, IN	University of Wisconsin-Madison
Kathryn Le Claire	OneBeacon	Minnetonka, MN	University of Wisconsin-Madison
Marshall Lougee	Corcoran & Havlin	Wellesley, MA	College of the Holy Cross
Connor McCarl	IMA of Colorado	Denver, CO	Chapman University
Deirdre Murphy	OneBeacon	Canton, MA	Lehigh University
William O'Connell	Hub International of NE	Wilmington, MA	Northeastern University
Jillian Spinney	OneBeacon	Canton, MA	Trinity College
Tyler Van Kirk	OneBeacon	Farmington, CT	University of Maine
Liam Wallace	Starkweather & Shepley	East Providence, RI	Haverford College
Lindsey Womac	OneBeacon	Cumming, GA	University of Georgia

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. 

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. OneBeacon's solutions target professional liability; ocean and inland marine; collector cars and boats; energy; entertainment, sports and leisure; excess property; environmental; group accident; programs; public entities; technology; and tuition refund. 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.

<b>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, 2011 filed February 28, 2012.

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.

SOURCE OneBeacon Insurance Group