Intact closes OneBeacon purchase from White Mountains

Canada's biggest property and casualty insurer, Intact
Financial, has closed its $1.7bn takeover of OneBeacon, the US
specialty carrier previously majority owned by financial services
holding company White Mountains.
OneBeacon CEO Mike Miller will become president of US and
specialty solutions at Intact and lead the US and commercial
insurance business of Intact.
Intact is aiming to grow the specialty lines businesses in the
US, targeting a combined ratio "in the low 90s" over the
next two to th