UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT
TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Report for the Calendar Year or Quarter Ended: June 30, 2008
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Check Here if Amendment / /; Amendment Number:
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This Amendment (Check only one.): / / is a restatement.
/ / adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: OneBeacon Insurance Group, Ltd.
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Address: 601 Carlson Parkway
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Minnetonka, Minnesota 55305
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U.S.A.
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Form 13F File Number: 28-12951
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The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Ann Marie Andrews
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Title: Chief Accounting Officer
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Phone: (781) 332-6000
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Signature, Place, and Date of Signing:
/s/ Ann Marie Andrews Canton, Massachusetts August 7, 2008
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[Signature] [City, State] [Date]
Report Type (Check only one.):
/ / 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
/ / 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
/X/ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-04685 Prospector Partners, LLC
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[Repeat as necessary.]
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
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Form 13F Information Table Entry Total: 29
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Form 13F Information Table Value Total: 32,686
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(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and
omit the column headings and list entries.]
No. Form 13F File Number Name
1 28-N/A Copley Square Capital Management, LLC
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INVESTMENT DISCRETION VOTING AUTHORITY SHARES
NAME OF ISSUER CLASS CUSIP FAIR MV SHARES SOLE SHARED AS SHARED-OTHER SOLE SHARED NONE
American INTL Group Inc Com 026874107 529,200 20,000 x x
Automatic Data Proc Com 053015103 838,000 20,000 x x
Bank New York Mellon Com 064058100 2,080,650 55,000 x x
Cardinal Health Inc Ohio Com 14149Y108 257,900 5,000 x x
Colgate Palmolive Com 194162103 1,727,500 25,000 x x
CVS Caremark Corp Com 126650100 2,374,200 60,000 x x
Embraer Empresa Bras ADR ADR 29081M102 265,000 10,000 x x
Goldman Sachs Group Inc. Com 38141G104 874,500 5,000 x x
Hartford Finl Svcs Group Com 416515104 645,700 10,000 x x
Honda Motor ADR New AMERN SHS 438128308 1,361,200 40,000 x x
Honeywell Intl Inc Del Com 438516106 2,614,560 52,000 x x
Illinois Tool Works Inc Com 452308109 1,900,400 40,000 x x
Kraft Foods Inc VA CL A CL A 50075N104 711,250 25,000 x x
L-3 Communications Hldgs Com 502424104 2,271,750 25,000 x x
Marathon Oil Corp Com 565849106 1,556,100 30,000 x x
Monsanto Co New Del Com Com 61166W101 505,760 4,000 x x
Nucor Corporation Com 670346105 2,240,100 30,000 x x
Patriot Coal Corp Com 70336T104 76,645 500 x x
Peabody Energy Corp Com Com 704549104 1,320,750 15,000 x x
Petrleo Bras VTG SPD ADR ADR 71654V408 708,300 10,000 x x
Plum Creek Timber Co Inc Com 729251108 1,067,750 25,000 x x
Safeway Inc New Com 786514208 285,500 10,000 x x
Staples Inc Com 855030102 475,000 20,000 x x
TJX Cos Inc New Com 872540109 1,573,500 50,000 x x
Toronto Dominion Bank Com 891160509 622,700 10,000 x x
Wellpoint Inc Com 94973V107 1,191,500 25,000 x x
Weyerhaeuser Co Com 962166104 511,400 10,000 x x
Yum Brands Inc Com 988498101 1,403,600 40,000 x x
3M Company Com 88579Y101 695,900 10,000 x x