SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

SCHEDULE 13G
(Rule 13d-102)
 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
 

OneBeacon Insurance Group, Ltd.

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

G67742109

(CUSIP Number)

 

September 30, 2008

(Date of Event Which Requires Filing of this Statement)



Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

o

x
o

Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)



*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


 

 

 

 

 

CUSIP No. G67742109

 

13G

 

Page 2 of 5 Pages

 

 

 

 

 
 

1

 

NAME OF REPORTING PERSON:
Marshfield Associates TIN: 52-1812171

 

 

 

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)  o

 

 

 

 

(b)  o

 

 

 

 

 

 

3

 

SEC USE ONLY

 

 

 

 

 

 

 

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

Washington DC

 

 

 

 

 

5

 

SOLE VOTING POWER

NUMBER OF

 

 

 

1,197,745

SHARES

 

 

BENEFICIALLY

 

6

 

SHARED VOTING POWER

OWNED

 

 

 

0

BY

 

 

EACH

 

7

 

SOLE DISPOSITIVE POWER

REPORTING

 

 

 

1,197,745

PERSON

 

 

WITH:

 

8

 

SHARED DISPOSITIVE POWER

 

 

 

 

0

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

 

 

As of 12/31/2008 1,197,745

 

 

 

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 

o

 

 

 

 

 

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 

 

 

As of 12/31/2008 5.13%

 

 

 

12

 

TYPE OF REPORTING PERSON*

 

 

 

 

IA

   



 

 

 

 

 

CUSIP No. G67742109

 

13G

 

Page 3 of 5 Pages



ITEM 1(a).      NAME OF ISSUER:

                         OneBeacon Insurance Group, Ltd. (“OneBeacon”)

ITEM 1(b).      ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

 

One Beacon Lane

 
 

Canton, MA 02021

 


ITEM 2(a).      NAME OF PERSON FILING:

                         This Schedule 13G is being filed on behalf of the following person (the “Reporting Person”):

 

Marshfield Associates (“Marshfield”)



ITEM 2(b).      ADDRESS OF PRINCIPAL BUSINESS OFFICE:

                         The principal business office of the Reporting Person filing this Schedule 13G is located at 21 Dupont Circle, NW, Washington, DC 20036.

ITEM 2(c).      CITIZENSHIP:

 

 

Marshfield:

a District of Columbia general partnership



ITEM 2(d).      TITLE OF CLASS OF SECURITIES:

                        Common Stock

ITEM 2(e).      CUSIP Number:

                     G67742109


 

 

 

 

 

CUSIP No. G67742109

 

13G

 

Page 4 of 5 Pages



ITEM 3.        IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS:    One of the following

                        Marshfield is an investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

ITEM 4.        OWNERSHIP:

                        The information in items 1 and 5 through 11 on the cover pages (page 2) on this Schedule 13G is hereby incorporated by reference.

ITEM 5.        OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

                        If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities check the following.     [ ]

ITEM 6.        OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:

                        Not applicable.

ITEM 7.        IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:

                        Not applicable.

ITEM 8.        IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP:

                        Not applicable.

ITEM 9.        NOTICE OF DISSOLUTION OF GROUP:

                        Not applicable.


 

 

 

 

 

CUSIP No. G67742109

 

13G

 

Page 5 of 5 Pages



ITEM 10.        CERTIFICATION

                        By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

                        After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 

Dated:

 

February 12, 2009



  

 

 

Marshfield Associates*

 

 

By:

 

Kimberly Vinick,
its Chief Compliance Officer

  

 

 

 

 

 

 

/s/ Kimberly Vinick

 

 

 

 

 

 

Kimberly Vinick



* The Reporting Person disclaims beneficial ownership in the shares reported herein except to the extent of their pecuniary interest therein.