ACP Re News
Tower Group Dealt More A.M. Best Ratings Downgrades
Tower Group International must deal with more ratings downgrades from A.M. Best, spurred by its soaring net losses and uncertainty over whether it can carry its debts through an intended merger with ...
Tower Group Shareholders to Vote on ACP Re Merger in August
Tower Group International's shareholders will finally get their chance to approve or reject a merger agreement with ACP Re, months after the proposed deal was first announced. The Bermuda insurer and ...
Merger Questions and Answers: Ironshore Ends Deal; Tower Deal Survives
Property/casualty insurance industry merger news continued late last week with Ironshore announcing that its deal to acquire an Australia specialist fell apart, while Tower got an assurance that its ...
Tower Group Hires Greenhill to Advise on Debt Repayment If Merger Deal Fails
Tower Group International Ltd., the insurer that agreed to be bought by ACP Re Ltd. amid a stock plunge, hired Greenhill & Co. to provide advice on repaying debt if the takeover collapses. Tower ...
Tower, ACP Re Amend Merger Deal
On Thursday, Tower Group International, Ltd. ("Tower") and ACP Re, Ltd. ("ACP Re") announced that they have amended their Jan. 3, 2014 merger agreement, reducing the per-share consideration and ...
Tower Group International Q3 2013 Reserve Charge Higher Than Expected
Tower Group International, Ltd. reported a bottom-line loss of $347.6 million for the third-quarter of 2013 on Tuesday, with higher than expected reserve charges contributing to the result. Adverse ...