Tower Group articles & resources on Made-in-China.com

TWGP Has Terminated Its Agreement to Acquire American Safety Reinsurance

Aug 22, 2013

Bermuda-based global diversified insurance and reinsurance holding company Tower Group International (TWGP) has terminated its agreement to acquire American Safety Reinsurance (ASRe), from Fairfax Financial. Without disclosing reasons for ...

Tags: Tower Group, diversified insurance

Tower Group Inked a Deal to Purchase American Safety Reinsurance

Jun 4, 2013

Tower Group International (TWGP) has inked a deal to purchase American Safety Reinsurance (ASRe), the Bermuda-based reinsurance firm, from Fairfax Financial, at a total consideration of nearly $59m. After completion of the transaction, ...

Tags: Tower Group, Fairfax Financial

Fidelity Life Purchased Most of Life Insurance Business From New Zealand Insurance Company

May 13, 2013

Fidelity Life Assurance Company has purchased most of life insurance business from New Zealand insurance company Tower in a deal valued at approximately NZ$189m ($159.54m). The deal has enabled Tower to concentrate on general insurance ...

Tags: Fidelity Life, Life Insurance Business

Tower Group Reported a Net Loss Attributable to Common Shareholders of $28.2m

Feb 27, 2013

Tower Group has reported a net loss attributable to common shareholders of $28.2m or $0.73 per share for 2012, compared to a net income of $60.5m or $1.48 per diluted share, during the same period last year. The operating loss stood at ...

Tags: Tower Group, net loss, common shareholders

Tower Group Has Reported Net Loss of $15.1m

Dec 7, 2012

Tower Group has reported net loss of $15.1m, or $0.39 per diluted share attributable to common shareholders in the second quarter of 2012, against a net income of $24.12m, or $0.58 per share during the same period last year. Operating ...

Tags: Tower Group, common shareholders, net income, diluted share

Tower Group Has Completed Its Previous Integration with Canopius Holdings

Dec 6, 2012

Tower Group has completed its previous integration with Canopius Holdings Bermuda Limited and Canopius Bermuda, being managed by Canopius Group. The consolidation of both firms will create a global specialty insurance firm with greater ...

Tags: Tower Group, Canopius Holdings Bermuda Limited, Canopius Bermuda

Tower Group Has Announced Sale of Its Health Insurance Business for $102m

Dec 3, 2012

US based property and casualty underwriter Tower Group has announced sale of its health insurance business for $102m to Australian private health insurer NIB Holdings. Subject to clearance from the Overseas Investment Office, the sale is ...

Tags: Tower Group, health insurance, insurance, insurance product

Tower Group Has Acquired a Miniority Stake of 8.5% in Cinium Financial Services

Nov 30, 2012

US based property and casualty insurer Tower Group has acquired a miniority stake of 8.5% in Cinium Financial Services for $7m in the form of convertible senior notes, which are due in 2026. The underwriter said that the recent investment ...

Tags: ower Group, Cinium Financial Services, stake, acquisition

Tower Has Accomplished Its $75m Investment in Canopius Group

Nov 30, 2012

Tower Group has accomplished its $75m investment in Canopius Group and subsequently acquired 10.7% of the ordinary share capital in the firm. Canopius, a privately owned Lloyd's of London insurance holding company offers insurance and ...

Tags: Tower Group, investment, Canopius Group, share capital, insurance

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