Tower Group International News
Tower Selling Stake in Canopius Group Limited, Boosting Reserves Again in Q3
Tower Group International, Ltd. (Tower) announced Tuesday that it has paid $70 million that was outstanding to its Bank of America credit facility using proceeds from the sale of a stake in Canopius ...
Reinsurance Deals Inked to Help Troubled Tower Group
Tower Group International, Ltd. said Tuesday that it is ceding more than 20 percent of its commercial liability business and 30 percent of its workers comp business to three reinsurers under pro-rata ...
Tower Group to Release 2Q in Early October; Reserve Adjustment Under Wraps
Tower Group International, Ltd. announced Tuesday that it plans to release its second-quarter 2013 financial results during the week of Oct. 7. The announcement said the company does not expect to ...
Fairfax Financial to Sell American Safety Reinsurance to Catalina
Fairfax Financial Holdings Ltd. agreed to sell a Bermuda-based reinsurance unit that's being acquired as part of a deal with American Safety Insurance Holdings Inc. to Catalina Holdings Bermuda Ltd. ...A.M. Best Puts Tower Ratings Under Review
On Monday, A.M. Best Co. placed the "A-minus" financial strength rating of pooled and reinsured members of the Tower US Pool under review with negative implications. The Oldwick, N.J.-based rating ...