A.M. Best Downgrades Tower Group Again

August 29, 2014

  • September 2, 2014 at 2:41 pm
    Cameron says:
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    Anyone know how this affects the cut-through endorsement that they have with ACP? We’re trying to move our Tower accounts but they just do some things better than others.

  • September 2, 2014 at 4:56 pm
    steve says:
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    Cameron- all those things they do better than others are showing in their fine results.

    • September 2, 2014 at 5:11 pm
      Cameron says:
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      Steve, very true. Just hoping the cut-through endorsement still holds some weight.

  • November 6, 2014 at 3:07 pm
    renee lopez says:
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    my broker told me they were an A rating
    and I have contracts that stipulate that I use a company with an A or better rating.
    So I am a bit confused. Is there some other rating that my broker could have been talking about? Or did they just lie to me?
    I just need to know where to find the answers

    • November 14, 2014 at 12:44 pm
      Mark Buckley says:
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      Broker may not be telling you the whole story Renee.I’m currently looking at a Tower policy of a prospect. Very very cheap relative to the marketplace. The “A” rating might cost you a bit more than you are paying.

      • November 14, 2014 at 2:26 pm
        Cameron says:
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        Currently Tower itself is basically done. They were purchased by a company called AM Trust and in the purchase AM Trust agreed to back all of Tower’s policies with their rating, which I believe is A-. What your broker is saying is not entirely false, but try to get more information out of them. If they’re selling Tower than they know all of this.



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