OneBeacon Insurance Group Ltd was incorporated under the laws of Bermuda on July 17, 2006. It is an exempted Bermuda limited liability company. The Company offers insurance products in the U.S. through independent agencies, regional and national brokers, wholesalers and managing general agencies. The Company has three reportable segments: Specialty Products, Specialty Industries, and Investing, Financing and Corporate. The Specialty Products segment is comprised of eight underwriting operating segments: OneBeacon Professional Insurance, Tuition Reimbursement, OneBeacon Specialty Property, OneBeacon Program Group, Collector Cars and Boats, OneBeacon Environmental, OneBeacon Surety Group, and OneBeacon Crop Insurance. The Specialty Industries segment is comprised of six underwriting operating segments: International Marine Underwriters, OneBeacon Technology Insurance, OneBeacon Accident Group, OneBeacon Government Risks, OneBeacon Entertainment, and OneBeacon Energy Group. The Investing, Financing and Corporate segment includes the investing and financing activities for OneBeacon on a consolidated basis, and certain other activities conducted through the Company and intermediate subsidiaries. The Company's lines of business fall into three categories: property lines, casualty lines, and other lines. The property lines are further classified as ocean and inland marine, commercial multiple peril and auto, fire and allied, and private passenger auto. The casualty lines are further classified into general liability, workers compensation, automobile liability and other casualty. Lastly, the other lines are classified into accident and health, and credit and other. The Company offers its products and services through a network of approximately 2,500 independent agents, regional and national brokers, wholesalers and managing general agencies. The Company competes with insurance companies such as ACE, AIG, Chubb Group, CNA, Liberty Mutual, Travelers and Zurich Insurance Group. It also competes with specialty companies such as Allied World Assurance Company, HCC Insurance Holdings, Inc., The Navigators Group, Inc., Ironshore Inc., Markel Corporation, RLI Corp. and W.R. Berkley Corporation. Apart from these companies the Company also competes with local and regional insurance companies. The Company's insurance operations are subject to regulation and supervision in each of the United States jurisdictions where they are domiciled and licensed to conduct business. In addition, the Company is also subject to Bermuda insurance regulations, which are generally similar to insurance regulations imposed by U.S. states on U.S.-domiciled insurers.