AutoOne Insurance Introduces CAR Network

Complete Auto Repair (CAR) customer service provides stress-free repairs

MELVILLE (June 26, 2006) AutoOne Insurance, a division of OneBeacon Insurance Group, providing auto insurance to both voluntary and Assigned Risk drivers, today announced a brand new service for its customers aptly named AutoOne CAR Network.

The AutoOne CAR (Complete Auto Repair) Network is a stress- and hassle-free customer service that provides repair center referrals, at the customer’s option, to a network of facilities selected by AutoOne Insurance. It’s convenient, paperless and available to anyone who reports a claim to AutoOne’s claims hotline.

To ensure quality customer service, repair centers selected for the AutoOne CAR Network must adhere to stringent guidelines, and have up-to-date repair equipment and certified associates on staff. They also must guarantee the repairs for as long as the insured or claimant owns the vehicle.

AutoOne puts every participating repair facility through a rigorous initial inspection, and conducts regular reinspections. Adhering to program requirements is a prerequisite for a repair facility’s continued association with the AutoOne CAR Network. Customers opting for referrals may have any number of services provided including: appraisal service, rental car arrangements and complete repair of the vehicle to its pre-accident state, as well as other services.

“AutoOne takes pride in being a company that is responsive to its clients’ needs and is constantly striving to provide enhanced, convenient customer services,” said Carey Benson, AutoOne’s President and CEO. “With the addition of the AutoOne CAR Network, we continue to grow our customer services with quality assistance for our insureds when they need their insurance company the most.”

The AutoOne CAR Network is currently available for New York State residents. Expansion of the network to New Jersey residents is planned for the second half of 2006.


About AutoOne Insurance Group
 AutoOne Insurance is a division of the OneBeacon Insurance Group, which is rated A (Excellent) by A.M. Best. AutoOne Insurance is based in Melville, New York and is an approved provider of Assigned Risk services for automobile insurance companies in New York, New Jersey, Texas, California, Pennsylvania, Connecticut, Delaware, Vermont, Maine and Washington D.C. AutoOne also offers voluntary automobile products such as Private Passenger, Physical Damage and Take-out programs to qualified New York drivers.

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."

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included or referenced in this release which address activities, events or developments which we expect or anticipate will or may occur in the future are forward-looking statements. The words "will," "believe," "intend," "expect," "anticipate," "project," "estimate," "predict" and similar expressions are also intended to identify forward-looking statements. These forward-looking statements include, among others, statements with respect to White Mountains':

  • growth in book value per share or return on equity;
  • business strategy;
  • financial and operating targets or plans;
  • incurred losses and the adequacy of its loss and loss adjustment expense reserves and related reinsurance;
  • projections of revenues, income (or loss), earnings (or loss) per share, dividends, market share or other financial forecasts;
  • expansion and growth of our business and operations; and
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These statements are based on certain assumptions and analyses made by White Mountains in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors believed to be appropriate in the circumstances. However, whether actual results and developments will conform to our expectations and predictions is subject to a number of risks and uncertainties that could cause actual results to differ materially from expectations, including:

  • the risks associated with Item 1A of White Mountains' 2005 Annual Report on Form 10-K;
  • claims arising from catastrophic events, such as hurricanes, earthquakes, floods or terrorist attacks;
  • the continued availability of capital and financing;
  • general economic, market or business conditions;
  • business opportunities (or lack thereof) that may be presented to it and pursued;
  • competitive forces, including the conduct of other property and casualty insurers and reinsurers;
  • changes in domestic or foreign laws or regulations, or their interpretation, applicable to White Mountains, its competitors or its clients;
  • an economic downturn or other economic conditions adversely affecting its financial position;
  • recorded loss reserves subsequently proving to have been inadequate;
  • other factors, most of which are beyond White Mountains’ control.
 Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by White Mountains will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, White Mountains or its business or operations. White Mountains assumes no obligation to update publicly any such forward-looking statements, whether as a result of new information, future events or otherwise.