Tower Group takeover moves forward


AmTrust Financial (AFSI) receives regulatory approval to provide a cut-through agreement for much of Tower Group's (TWGP) commercial business.

CEO Barry Zyskind: "AmTrust has successfully completed this important initial step of the transaction. Obtaining regulatory approval for the Cut Through Reinsurance Agreement allows us to work quickly to preserve the Commercial Lines Business Tower has built over the last 15 years."

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