OneBeacon Insurance Group says it has finalized the sale of subsidiary Essentia Insurance Co.—a provider of collector car and boat insurance through Hagerty Insurance Agency—to Markel Corp.
OneBeacon and Hagerty Insurance Agency have terminated their 5-year exclusive underwriting agreement.
When the sale was first announced in October, OneBeacon said it and Hagerty were "unable to reach mutually acceptable terms to extend the relationship."
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