OneBeacon terminates credit agreement at close of merger with Intact

By Marisa Wong

Morgantown, W.Va., Sept. 28 – OneBeacon Insurance Group, Ltd. and subsidiary OneBeacon U.S. Holdings, Inc. terminated their credit agreement dated Sept. 29, 2015 with U.S. Bank NA as administrative agent.

OneBeacon terminated the credit facility on Thursday in connection with closing of its acquisition by Intact Financial Corp.

Intact Financial is a property and casualty insurance company based in Toronto. OneBeacon is a specialty insurance company based in Minnetonka, Minn.

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