OneBeacon posts Q2 underwriting loss

US specialty insurer OneBeacon has reported a Q2 underwriting
loss as increased catastrophe and underlying losses pushed the
combined ratio up by 4 percentage points to 106.9 percent.
The company delivered comprehensive income to shareholders of
only $100,000 for the quarter, down from $24.7mn in the prior-year
period in what could be its final set of results in the public
markets.
The carrier, which is soon to be acquired by Intact Financial in
a $1.7bn deal, said catastrophes had added...