NEWS IN BRIEF

US-listed p/c insurer OneBeacon Insurance Group... expects to post a pre-tax Q3 charge of $28m following its agreement to sell its AutoOne non-standard motor insurance operation to New York-based p/c group Interboro Holdings. Terms of the deal were not disclosed. OneBeacon will transfer AutoOne Insurance and AutoOne Select Insurance to Interboro, including those companies’ assets and liabilities, reserves, equity capital and substantially all of their staff, systems and office space. The deal is expected to close during Q4.