Tower Group (TWGP) Takeover May Fetch $9 - Guggenheim
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Guggenheim Upgrades Tower Group (TWGP) to Buy
October 11, 2013 7:27 AM EDTGuggenheim upgraded Tower Group (NASDAQ: TWGP) from Neutral to Buy with a price target of $8.00 (from $11.00).
For an analyst ratings summary and ratings history on Tower Group click here. For more... More
Tower Group (TWGP) Enhances Financial Flexibility with Three New Reinsurance Agreements
October 1, 2013 5:17 PM EDTTower Group International, Ltd. (Nasdaq: TWGP) announced that it has entered into agreements with three reinsurers Arch Reinsurance Ltd., Hannover Re and Southport Re to enhance the Companys financial flexibility.
The reinsurance agreements include the following:
* Tower Insurance Company of New York (Tower New York) on its behalf and on behalf of each of its pool participants entered into a multi-line quota share agreement with Arch Reinsurance Ltd. to cede a 17.5% quota share of certain brokerage commercial automobile liability, brokerage commercial multi-peril property, brokerage commercial multi-peril liability and brokerage other liability (monoline... More
UPDATE: Tower Group International (TWGP) Stock Active on Rumors
September 30, 2013 1:36 PM EDT(Updated - September 30, 2013 1:41 PM EDT)
Tower Group International (Nasdaq: TWGP) stock was active again on Monday afternoon. The latest rumors say Enstar and Catalina are in talks with Tower Group, according to Insurance Insider.... More
UPDATE: Tower Group (TWGP) Now Said to Hire BofA, Barclays to Explore Options - Insurance Insider
September 27, 2013 11:12 AM EDT(Updated - September 27, 2013 11:20 AM EDT)
Tower Group (Nasdaq: TWGP) has now hired BofA and Barclays to explore options, says Insurance Insider. Yesterday the company was said to have hired JP Morgan.
The hires are said to relate to a "reserving... More
Tower Group Int'l (TWGP) Pops, Said to Hire JPMorgan as Advisor
September 26, 2013 1:52 PM EDT(Updated - September 26, 2013 2:36 PM EDT)
Tower Group (Nasdaq: TWGP) shares moved off of a multi-year low at $7.99 per share to intraday highs following market speculation that the insurance company might have tapped JPMorgan to advise on a sale.
The report... More
