logo
Share SHARE
FONT-SIZE Plus   Neg

Tower Group Terminates Deal To Buy American Safety Reinsurance - Quick Facts

Tower Group International, Ltd. (TWGP) reported the termination of its prior announced deal to acquire American Safety Reinsurance, Ltd., the Bermuda-based reinsurance unit of American Safety Insurance Holdings, Ltd., from Fairfax Financial Holdings Ltd. Tower said it would receive $5 million in exchange for the termination of such agreement.

Tower Group International is a Bermuda-based global diversified insurance holding company and is listed on the NASDAQ Global Select Market under the symbol TWGP.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The next iPhone to come out in 2017 may have a much clearer screen. As per reports, the iPhone 7 will use AMOLED technology in their new model, which will also sport a bigger 5.8-inch screen. It was also reported that the suppliers are already gearing up for a huge jump in orders. Best Buy Co., Inc. (BBY) reported first-quarter non-GAAP earnings per share from continuing operations of $0.44, an increase of 19% from $0.37, a year ago. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.35 for the quarter. Analysts' estimates typically... Automotive parts retailer AutoZone, Inc. on Tuesday reported a 6 percent increase in profit for the third quarter from last year, reflecting growth in sales and higher inventory on new store openings. However, both revenue and earnings per share for the quarter missed analysts' expectations.
comments powered by Disqus
Follow RTT