A.M. Best downgrades Tower Archives

A.M. Best Slashes Tower’s Financial Strength Ratings

Bad news for Tower Group International and its subsidiaries: A.M. Best has downgraded the insurer's financial strength ratings, as the carrier works through the steps of a planned merger with ACP Re. ...

A.M. Best Cuts Tower Group Rating to B from B++

On Friday, A.M. Best Co. announced that the rating agency has downgraded the financial strength rating (FSR) to B (Fair) from B++ (Good) of the pooled and reinsured members of the Tower US Pool. The ...

Downgrade of Tower Group to B++ Likely to Have Further Negative Effects: A.M. Best

A.M. Best Co. announced Tuesday that the rating agency has downgraded the financial strength rating of members of Tower Group to B++ (Good) from A- (Excellent), one day after the company itself ...