Investment House Requests Approval to Acquire OneBeacon Runoff

A Bermuda-based investment house has filed an application with Pennsylvania regulators to take control of OneBeacon Insurance Co., which announced last October that it had entered into an agreement to sell its runoff commercial line policies.Trebuchet US Holdings filed an application with the Pennsylvania Insurance Department for approval to acquire control of OneBeacon and Potomac Insurance Co., both subsidiaries of OneBeacon Insurance Group, based in Minnetonka, Minn. Trebuchet is a subsidiary of the Armour Group in Hamilton, Bermuda.OneBeacon reported on Oct. 18, 2012 that it would take a $...