Tower Group Canopius News

Tower Says Its Sale of Stake in Canopius Lessens Liquidity Concerns

Tower Group International Ltd. said that it has paid $70 million that was outstanding to its Bank of America credit facility using proceeds from the sale of a stake in Canopius Group Limited. Tower Group, Inc., a wholly owned subsidiary, …

Tower Group Updates Figures on Merger Status with Canopius

Tower Group announced that it has received all required insurance regulatory approvals for its merger agreement with Canopius Holdings Bermuda Limited (CHBL). In addition the bulletin said that Tower Group “is restating its reports issued on Form 10-Q for the …