White Mountains to auction OneBeacon

OneBeacon, 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 OneBeacon's share price spiked by as much
as 11.6 percent to hit $16.92 before falling back slightly.
According to banking sources, OneBeacon has be