CANTON, Mass., Jan. 29 /PRNewswire-FirstCall/ — In recognition of the continued need for aid in Haiti, the OneBeacon Charitable Trust has announced a donation of $48,000 allocated to five nonprofit organizations assisting in the ongoing humanitarian relief efforts– the American Red Cross, Doctors Without Borders, Habitat for Humanity, Partners in Health and UNICEF.
The contribution consists of a $5,000 donation to each organization as well as a dollar-for-dollar match of the $23,000 donated by OneBeacon employees, its Hagerty Insurance partners and White Mountains Insurance Group staff. In total, the OneBeacon community will donate $71,000, with almost $30,000 going to the American Red Cross.
Carmen Duarte, a member of the OneBeacon Charitable Trust Committee said, “Addressing the devastating loss and continued suffering in Haiti is clearly a global collaboration. The OneBeacon community deeply admires the relentless efforts demonstrated by these five organizations. We are pleased to be in a position to assist them and Haiti during this most challenging recovery effort.”
The OneBeacon Charitable Trust is a tax-exempt private foundation under Section 501(c)(3) of the Internal Revenue Code managed by employees of OneBeacon Insurance Company. As one of the oldest property and casualty insurers in the United States, OneBeacon traces its roots to 1831 and the Potomac Fire Insurance Company. Today, OneBeacon’s specialty insurance businesses are national in scope while its personal lines business is concentrated in the Northeastern United States. OneBeacon Insurance Group, Ltd. is a Bermuda-domiciled holding company that is publicly traded on the New York Stock Exchange under the symbol “OB”.
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• recorded loss and loss adjustment expense reserves subsequently proving to have been inadequate;
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• an economic downturn or other economic conditions adversely affecting its financial position including stock market volatility;
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• the risks that are described from time to time in OneBeacon’s filings with the Securities and Exchange Commission, including but not limited to OneBeacon’s Annual Report on the Form 10-K for the fiscal year ended December 31, 2008 filed February 27, 2009.
Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by OneBeacon will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, OneBeacon or its business or operations. OneBeacon assumes no obligation to update publicly any such forward-looking statements, whether as a result of new information, future events or otherwise.
Web site: www.onebeacon.com