Oceanwide's Cargo Insurance Technology Chosen by IMU/OneBeacon Insurance - North American Pilot Launched

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IMU/One Beacon Marine Underwriters have licensed Oceanwide's industry leading Cargo Insurance Management Platform.

Oceanwide Inc., a leading provider of Web-based cargo insurance management software, today announced that International Marine Underwriters (IMU), a member of OneBeacon Insurance Group’s specialty segments, has selected Oceanwide’s Genoa insurance technology to support its cargo insurance platform.

This will enable IMU agent partners and cargo insurance customers to issue electronic certificates of insurance and complete shipment and storage declarations online.

“We are pleased IMU/OneBeacon has selected the Genoa technology for their cargo insurance operations,” said Mitchell Wasserman, President of Oceanwide. “We anticipate a long-term and successful relationship between our two companies.”

“Oceanwide’s technology strengthens our client-service offering by providing on-demand access to services and information that will enable successful cargo insurance and risk management practices,” said Michelle O’Donovan, Assistant Vice President and head of IMU’s Cargo line.

About International Marine Underwriters/One Beacon

A member of the OneBeacon Insurance Group, International Marine Underwriters, based in New York City, underwrites various ocean marine insurance products and is a member of the OneBeacon Insurance Group. Headquartered in Boston, Massachusetts, OneBeacon offers specialty and segmented personal and commercial insurance products sold primarily through select independent agents.

OneBeacon Insurance Group is wholly owned by White Mountains Insurance Group, Ltd. of Hamilton, Bermuda. White Mountains' principal businesses are conducted through its subsidiaries and affiliates in the business of property-casualty insurance and reinsurance. The company is publicly traded on the New York Stock Exchange and the Bermuda Stock Exchange under the symbol "WTM".

About Oceanwide Inc.

Oceanwide.com is a leading provider of Internet e-commerce business solutions to the transportation and logistics community. Oceanwide.com provides on-line cargo insurance, customized messaging solutions, warehouse management, customs connectivity and online software for freight forwarders. The company’s web site is http://www.oceanwide.com.

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Jamie Parker
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