July 30 - Fitch Ratings has affirmed the 'BBB' Issuer Default Rating (IDR) of Tower Group, Inc. (Tower). Fitch has also affirmed the Insurer Financial Strength (IFS) ratings of Tower's operating ...
Tower Group, Inc. said that it has invested $7 million in 8.5 percent convertible senior notes due 2026 of Cinium Financial Services Corp., a privately owned holding company focusing on providing ...
Item 2.01. Completion of Acquisition or Disposition of Assets As previously reported in the Current Report on Form 8-K dated July 1, 2010 (the "Original Form 8-K"), Tower Group, Inc. ("Tower") ...
Casualty-based insurer Tower Group International (TWGP) collapsed on Dec. 18 as the company added an additional $105 million in loss reserves after already adding $365 million earlier in the year. The ...
The Tower Group, a U.S. insurance firm, is planning to enter a multi-year quota-share reinsurance agreement with an unnamed Bermudian reinsurer, which is in the process of being set up. The Tower ...
It turns out the woes of severely troubled casualty and insurance company Tower Group International (TWGP) are not just limited to the present and the future. In a worrying announcement, the company ...