logo
Plus   Neg
Share
Email
Comment

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
Amid a government shutdown, the Senate voted Monday to move forward on a short-term spending bill to re-open the government. The Senate voted 81 to 18 in favor of limiting debate on the bill, which would fund the government through February 8th. Opera, a web browser for Windows, macOS, and Linux operating systems, has added cryptocurrency mining protection to its mobile browsers. It is part of the browser's ad blocker function. In its desktop-based versions, Opera had introduced cryptocurrency miner protection in early January. French drug giant Sanofi SA Monday announced an agreement to buy US-based hemophilia drugmaker Bioverativ Inc. (BIVV) for around $11.6 billion. The deal expands Sanofi's presence in specialty care and strengthens leadership in rare diseases. Sanofi shares were losing around 4 percent in the early morning trading in Paris.
comments powered by Disqus
Follow RTT