AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Insurer Sets Expansion Strategy; Tower Group Parlays N.Y. Success To New Regions.(THE IBD 100)
Byline: Juan Carlos Arancibia
Tower Group found success insuring small businesses in the New York City area, largely by educating its clients on better risk management.
Now Tower is expanding into new markets.
An initial public offering in October raised $110 million, providing the company with the capital to expand outside its core area.
Tower used some of the IPO proceeds to acquire OneBeacon Insurance. The deal gave it secured contract renewal rights in suburban markets in upstate New York and Long Island.
Also, Tower recently acquired a company that gave it licenses in nine other states, mostly on the East Coast and in New England.
Tower's expansion plans are to sell insurance programs to independent agents nationwide. The company isn't ruling out more acquisitions.
- Tower Group, Inc. to Present at The New York Society of Security Analysts 9th...
- Press release article from: Business Wire February 4, 2005 700+ words
NEW YORK -- Tower Group, Inc. (NASDAQ...Harvard Club in New York City on February...2005. Representing Tower Group will be Michael...operation since 1990, Tower Group, Inc. is headquartered in New York City and is the...
- Tower Group Companies And It's Subsidiaries, Tower Insurance Company of New...
- Press release article from: Business Wire June 28, 2002 700+ words
...owner of Tower Insurance Company of New York and Tower Risk Management. Tower Insurance Company of New York, Tower Group's insurance company subsidiary...casualty insurance products in the New York Metropolitan area. Tower Insurance...
- A.M. Best Company Issues ''A-'' -Excellent- Rating to Tower Insurance Company...
- Press release article from: Business Wire October 26, 2004 700+ words
NEW YORK -- Tower Group, Inc. (Nasdaq symbol...Tower Insurance Company of New York, received a rating upgrade...President and CEO of Tower Group, Inc., said, "We...Tower Insurance Company of New York to an 'A-.' The upgrade...
- Tower Group, Inc. Enters Into Agreement to Acquire Shell Company; Purchase...
- Press release article from: Business Wire August 8, 2005 700+ words
NEW YORK -- Following its shell acquisition strategy, Tower Group, Inc. (NASDAQ:TWGP...territorial expansion." About Tower Group, Inc. Tower Group, Inc., headquartered in New York City, offers property and...
- Although cash rewards are popular with cardholders and some issuers, issuers...
- Magazine article from: Cards & Payments December 1, 2005 700+ words
...programs, F. Alan Schultheis, director of Edgar, Dunn & Co.'s New York office, predicted during a panel discussion at the recent Foreword Financial/Tower Group Bank Card Conference in Memphis. Schultheis gave examples of several new...
- Tower Group Buys Specialty Underwriters' Alliance.
- News wire article from: Investrend November 16, 2009 700+ words
...financialwire.net/2009/11/16/tower-group-buys-specialty-underwriters...2009 (FinancialWire) -- Tower Group, Inc. (NASDAQ: TWGP) said...be delisted from the NASDAQ. New York-based Tower Group offers property and casualty...
- MCGRAW-HILL'S TOWER GROUP INTERNATIONAL ACQUIRES UCB CANADA INC.
- Press release article from: PR Newswire April 4, 1995 700+ words
NEW YORK, April 4 /PRNewswire...McGraw-Hill's Tower Group International today...in the U.S., Tower Group serves more than...Marketing Communications Tower Group International...Canada Inc. ST: New York, Quebec IN: PUB...
- Bottlecap Studios Helps Tower Group Companies Develop Producer Training CD-ROM...
- Press release article from: Business Wire May 19, 2003 700+ words
...bottlecapstudios.com. About Tower Group Companies Tower Group Companies is a leading...services company in the New York/Tri-sate area...Insurance Company of New York, and its managing...For over a decade, Tower Group Companies has been...