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Report: OneBeacon exploring sale, hires Credit Suisse to solicit bids

Specialty insurer OneBeacon Insurance Group Ltd. is considering a sale, people familiar with the matter reportedly told Bloomberg News.

According to Bloomberg's sources, who asked not to be named because the process is private, OneBeacon recently started working with Credit Suisse to get offers from other insurances companies.

OneBeacon is controlled by White Mountains Insurance Group Ltd.