The owners of are exploring options for the British specialist insurance group including a potential sale, according to people familiar with the matter.
The shareholders, which include buyout firm and , are working with on the strategic review, the people said. They are seeking a valuation of as much as £2 billion ($2.5 billion), one of the people said.
Selling the entire business or a minority stake are among alternatives under consideration, while an initial public offering could also be an option though it's less preferred, the people said. ...