NU Online News Service, July 1, 1:52 p.m. EDT
Bermuda--based OneBeacon Insurance Group said it has completed the sale of its traditional personal lines business to Tower Group, Inc.
The transaction, which was announced on Feb. 2, included two insurance companies containing the personal lines business, and in relation to the reciprocal insurance exchanges that write business in New York and New Jersey, the two managing attorneys-in-fact, and the two surplus notes issued to OneBeacon.
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