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OneBeacon Insurance enhances specialty business line

US-based OneBeacon Insurance Group has added OneBeacon Services to its line of specialty businesses.

Launched as an extension of OneBeacon Accident and Health, OneBeacon Services provides critical resources that help organizations and individuals better protect themselves from a number of emerging issues, the company said.

According to OneBeacon, the suite of services includes identity management services that provide access to identity theft and resolutions services, as well as single bureau credit monitoring; assistance services that include travel assistance when traveling 100 or more miles from home, and security assistance that protects international travelers and global workforces against terrorism; a discount prescription plan designed to give users access to discounts for prescription drugs; security breach response services; and asset recovery, a program designed to assist individuals in recovering unclaimed funds.

Tina Angelone, marketing director for OneBeacon Services, said: Corporations and associations alike are looking for ways to differentiate themselves. One way is to offer an innovative services package as an employee or member benefit.

David Wakeford, vice president of business development for OneBeacon Accident and Health, said: Historically, our accident and health group would bundle these services with a purchased insurance policy. We are excited to now have the capability to offer these critical services as a package with an insurance policy or as a stand-alone product through OneBeacon Services.