White Mountains to auction One Beacon

One Beacon, the New York-listed specialty insurer controlled by
White Mountains, is to be formally auctioned, The
Insurance Insider understands.
Credit Suisse has been appointed to run a full sales process,
which is currently in its early stages.
Bloomberg first reported the news, which this publication has
independently confirmed.
Following the news One Beacon's share price spiked by as
much as 11.6 percent to hit $16.92 before falling back
slightly.
According to banking sources, One Beacon has