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Last updated on April 23, 2014 at 20:10 EDT

Latest OneBeacon Stories

2014-01-07 08:39:40

BEDFORD, Mass., Jan. 7, 2014 /PRNewswire/ -- FirstBest® Systems, Inc., provider of insurance software solutions for American and global insurance carriers, today announced that Stonetrust Commercial Insurance Company, a super-regional workers' compensation and employers' liability insurer, has selected and begun deployment of the FirstBest® Front Office Suite including the FirstBest UMS Express pre-configured underwriting workstation, the FirstBest Agent portal and the FirstBest AppReader...

2013-11-21 16:29:40

Majority of underwriters spend less than 50% of time underwriting BEDFORD, Ma., Nov. 21, 2013 /PRNewswire/ -- Today's underwriting departments must juggle a constant stream of business in an underwriting process that touches multiple systems and data sources. As a result, many underwriting teams struggle to actually handle all of the business that comes in. Significant amounts of business may never get processed, leading to lost deals, dissatisfied agents and brokers, and unhappy customers....

2013-11-18 16:30:39

Recognized for Industry Innovation including Underwriting Excellence And Up to 40% Increase in Productivity BEDFORD, Mass., Nov. 18, 2013 /PRNewswire/ -- FirstBest® Systems, Inc., provider of insurance software solutions for global insurance carriers, today congratulated customer Robin Arendt, global CIO of XL Group plc (XL) for being named a 2013 Elite 8 honoree by Insurance & Technology. Driven by a transformational business strategy, Arendt has spearheaded programs to...

2013-09-05 16:28:00

BEDFORD, Mass., Sept. 5, 2013 /PRNewswire/ -- FirstBest® Systems, Inc., provider of insurance software solutions for American and international property and casualty insurance carriers, today congratulates FirstBest customer XL Group which was named the winner of the Novarica Research Council Impact Award in the category of Transformation for their Global Underwriting Platform. (Logo: http://photos.prnewswire.com/prnh/20120322/NE75278LOGO) The Novarica Research Council Impact...

2013-02-13 08:33:25

BEDFORD, Mass., Feb. 13, 2013 /PRNewswire/ -- FirstBest® Systems, Inc., provider of insurance software solutions for global insurance carriers, today announced that in 2012 the company increased its professional services, customer advocacy, support, and sales personnel by 46% percent in response to growing demand from tier-one carriers. The Company has also added John Chu, an insurance and technology strategist and veteran executive from The Hartford, to its Board of Directors. The new...

2012-11-20 12:30:59

BEDFORD, Mass., Nov. 20, 2012 /PRNewswire/ -- Old data is moving faster, new big data is proliferating and innovative technologies are emerging to support rapid processing and analysis. Underwriters have long leveraged data, but many are searching for the benefits and opportunities that big data offers. Opening discussion about data's role and potential for better underwriting, FirstBest® Systems, Inc., provider of insurance software solutions for global insurance carriers, today...

2012-10-17 07:20:59

RICHMOND, Va., Oct. 17, 2012 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today that it has entered into a definitive agreement to acquire Essentia Insurance Company from OneBeacon Insurance Group LLC. Completion of the transaction is subject to customary closing conditions, including regulatory approval of the change of control of Essentia, and is expected to occur in January 2013. Terms of the transaction were not disclosed. Essentia Insurance Company will continue to...