(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.

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