NU Online News Service, Dec. 4, 10:15 a.m. EST
OneBeacon Insurance Group said it has sold the renewal rights to its non-specialty commercial lines business to The Hanover Insurance Group Inc.
The Canton, Mass.-based insurer said the transaction includes small commercial accounts and the non-specialty portion of the middle-market business, beginning with a Jan. 1, 2010 effective date. Direct premiums for the affected book total approximately $490 million.
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