Tower Group International, Ltd. (TWGP: Quote) 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.
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by RTT Staff Writer
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