OneBeacon will sell its runoff business to an affiliate of Armour Group Holdings Limited, with Edwards Wildman
advising Armour Group on the deal, reported Reactions. In the article, "OneBeacon Sell Run-off Business to Armour
," Reactions noted that certain legal entities will be transferred to Armour from OneBeacon including assets, liabilities and capital supporting the run-off business as well as certain elements of the runoff business infrastructure which includes staff and office space. The deal is expected to close in 2013 if approved by regulators.