Tower downgrade Archives - Carrier Management

Fitch Drops Tower Group Rating Another Notch to ‘B’ as RBC Ratios Fall

Fitch Ratings announced Thursday that it downgraded the insurer financial strength ratings of the operating subsidiaries of Tower Group International, Ltd.'s to "B" from "BB." In October 2013, ...

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 ...

Tower Reserve Charge Prompts Fitch Downgrade, Carrier Review of Options

Tower Group International, Ltd. announced reserve and goodwill charges representing over 60 percent of year-end 2012 shareholder's equity Monday, prompting Fitch Ratings to cut the financial strength ...