Tower Group International Ltd. is cutting about 140 jobs, or 10 percent of its workforce, after posting a second-quarter loss of more than $0.5 billion, with previously disclosed reserve and goodwill charges contributing to the result. The job cuts will …
Tower Group International Ltd. announced Nov. 14 that it is restating previously filed audited annual consolidated financial statements for 2011 and 2012, which are contained in Tower’s March 31, 2013 10-K annual report for 2012. Such financial statements “should no …
Tower Group International Ltd. is reviewing a “range of strategic options” after the insurer determined it had to add $365 million to reserves and taking a $215 million impairment of goodwill tied to its commercial, specialty and reinsurance segments. JPMorgan …
