(Bloomberg) -- OneBeacon Insurance Group Ltd., a specialty insurer controlled by White MountainsInsurance Group Ltd., is exploring a sale, said people with knowledge of the matter.
OneBeacon has drawn interest from companies including China’s Fosun International Ltd., said the people, who asked not to be identified because the matter is not public. White Mountains, which owns about 75 percent of OneBeacon, is informally approaching the bidders and won’t sell the business if it can’t fetch a high enough price, the people said.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access