OneBeacon Announces Details of New Network Security and Privacy Liability Policy, Including Data Breach Services from Equifax

  OneBeacon Announces Details of New Network Security and Privacy Liability
             Policy, Including Data Breach Services from Equifax

PR Newswire

MINNETONKA, Minn., March 13, 2013

MINNETONKA, Minn., March 13, 2013 /PRNewswire/ -- OneBeacon Professional
Insurance (OBPI), a member of OneBeacon Insurance Group, Ltd. (NYSE: OB),
today announced details of its Network Security and Privacy Liability Policy,
whichinclude certain data breach services from Equifax if a covered breach
event occurs. Equifax, a global leader in consumer, commercial and workforce
information solutions, has developed an industry standard for breach services
via their turnkey program.

"We are always looking to provide high quality services to our insureds, and
our collaboration with Equifax provides tremendous benefit to them," explains
David Molitano, Vice President of OneBeacon Professional Insurance's Content,
Technology and Services Division. "The small-to-middle market companies being
targeted for this type of coverage will benefit from the unique combination of
insurance expertise and internationally-recognized data breach response
services offered through this relationship."

Highlights of the Network Security and Privacy Liability Policy include:

  oA per Affected Individual approach
  oA provision for potential voluntary notification
  oBreach Notification and Credit Monitoring Services through Equifax,
    including Equifax three-bureau credit monitoring, and consumer identity
    theft insurance available to affected individuals
  oA broadened definition of Website Media Occurrence Liability
  oOptional coverage for Payment Card Industry Data Security Standard (PCI
    DSS) fines
  oCoverage for third party Privacy Wrongful Acts where legally liable

"A data breach can have devastating effects on a company's finances and
reputation, and our relationship with OBPI can help their policyholders
respond quickly and appropriately to covered breach events," said Matthew
McAluney, Vice President,Equifax Personal Solutions. "The benefits of this
program represent a best-in-class approach for attempting to mitigate the
potential devastating effects before they escalate out of a company's
control."

Please refer to the actual policy for exact coverage descriptions and limits;
exclusions and deductibles may apply. Coverages are subject to policy terms
and conditions and may not be available in all states. The policy may be
underwritten by one of the following insurance companies: Homeland Insurance
Company of New York, Homeland Insurance Company of Delaware or Atlantic
Specialty Insurance Company.

About OneBeacon Professional Insurance: OneBeacon Professional Insurance is a
member of OneBeacon Insurance Group that specializes in professional liability
solutions for targeted industries including hospitals, long-term care
facilities, medical facilities, physician groups, media organizations,
lawyers, real estate professionals, design professionals, financial services
and technology providers. Additionally,OneBeacon Professional Insurance
provides employment practices liability insurance, management liability and
tailored products for complex organizations including health care provider
excess insurance and HMO reinsurancethrough one of the insurance companies in
OneBeacon Insurance Group, Ltd. General liability, property and workers
compensation coverages are also available for financial institutions.

About OneBeacon: 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; entertainment, sports and
leisure; excess property; environmental; group accident; programs; public
entities; commercial surety; 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.

About Equifax: Equifax Personal Solutions empowers consumers with the
confidence and control to be their financial best. Find out more about
Equifax's innovative suite of credit monitoring and identity protection
products at www.equifax.com. Get smart information on everything from credit
to retirement, all in one place at the Equifax Finance Blog, blog.equifax.com.

Equifax is a global leader in consumer, commercial and workforce information
solutions, providing businesses of all sizes and consumers with information
they can trust. We organize and assimilate data on more than 500 million
consumers and 81 million businesses worldwide, and use advanced analytics and
proprietary technology to create and deliver customized insights that enrich
both the performance of businesses and the lives of consumers.

Headquartered in Atlanta, Equifax operates or has investments in 18 countries
and is a member of Standard & Poor's (S&P) 500® Index. Its common stock is
traded on the New York Stock Exchange (NYSE) under the symbol EFX. For more
information, please visit www.equifax.com.

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:

  ochange in book value per share or return on equity;
  obusiness strategy;
  ofinancial and operating targets or plans;
  oincurred loss and loss adjustment expenses and the adequacy of its loss
    and loss adjustment expense reserves and related reinsurance;
  oprojections of revenues, income (or loss), earnings (or loss) per share,
    dividends, market share or other financial forecasts;
  oexpansion and growth of our business and operations; and
  ofuture 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:

  oclaims arising from catastrophic events, such as hurricanes, windstorms,
    earthquakes, floods, or terrorist attacks;
  orecorded loss and loss adjustment expense reserves subsequently proving to
    have been inadequate;
  othe continued availability and cost of reinsurance coverage;
  othe continued availability of capital and financing;
  ogeneral economic, market or business conditions;
  obusiness opportunities (or lack thereof) that may be presented to it and
    pursued;
  ocompetitive forces, including the conduct of other property and casualty
    insurers and agents;
  ochanges in domestic or foreign laws or regulations, or their
    interpretation, applicable to OneBeacon, its competitors, its agents or
    its customers;
  oan economic downturn or other economic conditions adversely affecting its
    financial position including stock market volatility;
  oactions taken by ratings agencies from time to time, such as financial
    strength or credit ratings downgrades or placing ratings on negative
    watch;
  othe 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, 2012 filed February 28, 2013

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.

Website: www.onebeaconpro.com 

SOURCE OneBeacon Professional Insurance

Website: http://www.onebeaconpro.com
Contact: Sasha Aronson, +1-781-332-7165, saronson@onebeacon.com
 
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