ONEBEACON INSURANCE
Headquarters: Minnetonka
Businesses: Specialty lines of coverage including professional, specialty property, financial services and lawyers liability, energy, government risks, marine.
2012 results through Sept. 30: $945.3 million in revenue; $111.1 million in net income from continuing operations.
Background: Since Twin Cities insurance veteran Mike Miller took over in 2005, OneBeacon has:
• Raised capital through an initial public stock offering in 2006.
• Moved its headquarters from Boston to the Twin Cities.
• Shed its traditional property-casualty business to focus on several profitable specialty lines.
• Plans to gradually increase Minnetonka headquarters jobs from 50 to 120 people.
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More From Star Tribune
More From Business
Business
Eden Prairie refrigeration facility laying off 91 workers
St. Louis-based Copeland Cold Chain is moving manufacturing and distribution operations to other North American locations.
Business
Life Time goes full wellness, with spa offering weight loss management, including Ozempic
The Chanhassen-based company continues to expand, including pickleball facilities.
Business
Cargill recalls 16,000 pounds of ground beef over E. coli risk
None of the affected products were sold in Minnesota, and no illnesses were reported.
Business
Average long-term US mortgage rate rises again, reaching highest level more than five months
The average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for prospective homebuyers in what's typically the housing market's busiest stretch of the year.
Business
Amazon CEO Andy Jassy's comments about unions violated federal law, NLRB judge rules
A federal administrative law judge ruled that Amazon CEO Andy Jassy violated labor law by making certain anti-union comments during media interviews two years ago.