Best Downgrades Tower Group International and Subs Ratings
A.M. Best has downgraded the financial strength ratings (FSR) to ‘C++’ (Marginal) from ‘B’ (Fair) and issuer credit ratings (ICR) to “b” from “bb” of the pooled and reinsured members of the Tower US Pool and Bermuda-based CastlePoint Reinsurance Company, …