Tower Group International must deal with more ratings downgrades from A.M. Best, spurred by its soaring net losses and uncertainty over whether it can carry its debts through an intended merger with ACP Re. A.M. Best said its revised ratings …
Tower Group International Ltd. said it has received a notification letter from The NASDAQ Listing Qualification Department on March 5, 2014, stating that the company is not in compliance with the continued listing requirements. Tower fell out of compliance because …
Rating agencies have downgraded Tower Group following the insurer’s announcement of loss reserve and goodwill charges in excess of what was expected. Tower has said that the company’s board of directors is reviewing a range of strategic options with its …
