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Wednesday, April 7, 2021
The Bedivere Insurance Company, formerly known as OneBeacon Insurance Company, was placed into liquidation on March 11, 2021.  Once writing commercial, workers’ compensation, and automobile liability insurance policies nationwide, the company had stopped writing most new or renewal business over a decade ago.  As a Pennsylvania-domiciled insurance company, the Pennsylvania Commonwealth Court will oversee the Bedivere liquidation.
Bedivere’s liquidation follows the Pennsylvania Insurance Department’s December 2020 approval of the merger of The Employers Fire Insurance Company, Lamorak Insurance Company, and Potomac Insurance Company with and into the Bedivere Insurance Company.  Lamorak was formerly known as OneBeacon American Insurance Company, Commercial Union Insurance Company, and Employers Commercial Union Insurance Company.  Among other liabilities, Bedivere holds the other historic environmental and asbestos liability cove ....

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