NU Online News Service, Feb. 22, 3:37 p.m. EST
Bermuda-based OneBeacon Insurance Group, Ltd. says it completed the sale of its AutoOne business to Interboro Holdings, Inc.
The transaction, which was announced last year, includes AutoOne Insurance Co. and AutoOne Select Insurance Co., along with the assets, liabilities (including loss reserves and unearned premium reserves), and the capital of the business, as well as substantially all of the AutoOne infrastructure including systems and office space, as well as certain staff.
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