Tower Group News
QBE NA Selling Lender-Placed Biz to National General Holdings
On Wednesday, National General Holdings Corp. added another potential deal to a list of a growing list of acquisitions, announced that it has reached an agreement to buy the lender-placed Insurance ...
Tower Group, Now Part of ACP Re, Gets a Ratings Boost
Now that Tower Group International is a part of Bermuda-based reinsurer ACP Re Ltd., its financial ratings have stopped dropping and are improving. A.M. Best said it upgraded the financial strength ...
ACP Re/Tower Group Merger Deal Finally Closes
After months of uncertainty, the merger of ACP Re Ltd. and struggling reinsurer Tower Group International has finally closed. Bermuda-based ACP Re and Tower announced on Sept. 12 that all regulatory ...
SEC Launches Tower Group Investigation
Tower Group International's situation has taken another turn for the worse, with news that the U.S. Securities and Exchange Commission is now investigating the struggling Bermuda insurer and ...
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 ...
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. ...
Tower Group Out of Compliance with NASDAQ Listing Rules
Tower Group International, Ltd. announced Friday that it received a notification letter from The NASDAQ Listing Qualification Department ("NASDAQ") on March 5, 2014, stating that the company is not ...
Tower Group International CEO Lee Resigns; Fox Returning as CEO
Tower Group International, Ltd. (Tower) announced Friday that Chairman, President and Chief Executive Officer Michael H. Lee, has resigned from the company and the company's board of directors to ...