Tower Group takes goodwill impairment charge, boosts reserves; shares plunge

Tower Group (TWGPplunges 26.5% in premarket trade after announcing a $215M goodwill impairment charge for Q2. The company is also boosting its loss reserves by $365M.

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  • Mike Maher
    , contributor
    Comments (2867) | Send Message
    A.M. Best Downgrades Ratings of Tower Group International, Ltd.'s Subsidiaries and Maintains Under Review Status

    8 Oct 2013, 08:17 PM Reply Like
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