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(Bloomberg) – OneBeacon Insurance Group Ltd., the specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, people familiar with the matter said.

The Bermuda-based company recently began working with Credit Suisse Group AG to solicit offers from rival insurers, said the people, who asked not to be identified because the process is private. Representatives for OneBeacon and Credit Suisse declined to comment. A representative for White Mountains didn’t immediately respond to a request for comment.

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