Patrick Thiele Elected Director Of OneBeacon

                 Patrick Thiele Elected Director Of OneBeacon  PR Newswire  HAMILTON, Bermuda, Feb. 26, 2014  HAMILTON, Bermuda, Feb. 26, 2014 /PRNewswire/ -- The OneBeacon Insurance Group, Ltd. (NYSE: OB) Board of Directors announced that it has elected Patrick A. Thiele, 63, as a Class II Director.  Mr. Thiele's insurance career spans more than 30 years in the property-casualty business. He served as Chief Executive Officer of PartnerRe Ltd. for ten years, retiring in 2010. While at PartnerRe he oversaw its transition to a well-diversified, global reinsurance company. Previously, he held executive roles at CGU (now Aviva) and at The St. Paul Companies. At The St. Paul, he held a broad range of responsibilities, including Chief Executive of Worldwide Insurance Operations. Mr. Thiele began his career in 1975 as a securities analyst with the National Bank of Detroit.  Mike Miller, CEO of OneBeacon, said, "We are pleased to welcome Pat to the OneBeacon Board of Directors. He is eminently qualified to serve on our Board. Pat earned an outstanding reputation as an executive and leader in our industry. I am pleased that he is willing to bring his knowledge, insights and dedication to our Board, and we look forward to his contributions."  Added Pat Thiele, "I'm excited and proud to join the OneBeacon Board.Mike and his team have done an outstanding job transitioning OneBeacon into a specialty insurance company. I hope I can help them build on that success."  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, and providing distinct products and tailored coverages and services. OneBeacon's solutions target ocean and inland marine; entertainment, sports and leisure; group accident; crop; public entities; technology; tuition refund; professional liability; environmental; excess property; programs; and commercial surety. For further information about our products and services visit: www.onebeacon.comand to remain up to date on OneBeacon's news, follow us on Twitter @OneBeaconIns or visit our online newsroom: www.onebeacon.com/newsroom.  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.  SOURCE OneBeacon Insurance Group, Ltd.  Website: http://www.onebeacon.com Contact: Carmen Duarte, 781.332.7268, cduarte@onebeacon.com  
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