The rating actions reflect the recent announcement by OneBeacon Insurance Group, Ltd (OneBeacon) that these two 100% reinsured subsidiaries are to be sold to Tower Group, Inc (Tower), (headquartered in New York) (NASDAQ: TWGP) as part of a transaction to sell OneBeacon's personal lines business As a result, the existing reinsurance agreements in place that cede 100% of Mass Homeland and York's businesses to OneBeacon Insurance Company are expected to be commuted at the close of the transaction in mid 2010, depending on regulatory approvals Mass Homeland and York's ratings will remain under review pending the close of the transaction and regulatory approval of affiliated reinsurance agreements between the acquired companies and certain Tower subsidiaries 
Share:  <span class="sent">The rating actions reflect the recent announcement by OneBeacon Insurance Group, Ltd (OneBeacon) that these two 100% reinsured subsidiaries are to be sold to Tower Group, Inc (Tower), (headquartered in New York) (NASDAQ: TWGP) as part of a transaction to sell OneBeacon's personal lines business</span> As a result, the existing reinsurance agreements in place that cede 100% of Mass Homeland and York's businesses to OneBeacon Insurance Company are expected to be commuted at the close of the transaction in mid 2010, depending on regulatory approvals Mass Homeland and York's ratings will remain under review pending the close of the transaction and regulatory approval of affiliated reinsurance agreements between the acquired companies and certain Tower subsidiaries Tweet this 

Timely advice on business flood defences BUSINESSES at risk of flooding and other severe weather incidents are being offered practical advice to reduce their risks. The Business Survival workshop is being organised by Prince of Wales's charity, Business in the Community and Envirowise, and is part of a year long project funded by regional development agency One North East to help businesses in the region respond to and recover from severe weather events. BITC project manager, Gareth Williams, said: "The workshop will take businesses through a simple checklist to find out what their main risks are, and what they can do to reduce or avoid them. "Many of the things that businesses can do are very simple, and don't involve a huge financial outlay. The sad fact is that as we saw in the recent flooding incidents in the region, businesses who don't assess their risks are more likely to fail when the unexpected hits". 
Share:  Timely advice on business flood defences BUSINESSES at risk of flooding and other severe weather incidents are being offered practical advice to reduce their risks. The Business Survival workshop is being organised by Prince of Wales's charity, Business in the Community and Envirowise, and is part of a year long project funded by regional development agency One <span class="company">North East</span> to help businesses in the region respond to and recover from severe weather events. <span class="sent"> BITC project manager, <span class="analyst">Gareth Williams</span>, said: "The workshop will take businesses through a simple checklist to find out what their main risks are, and what they can do to reduce or avoid them. </span> "Many of the things that businesses can do are very simple, and don't involve a huge financial outlay. The sad fact is that as we saw in the recent flooding incidents in the region, businesses who don't assess their risks are more likely to fail when the unexpected hits". ...Timely advice on business flood defences BUSINESSES at risk of flooding and other severe weather incidents are being offered practical advice to reduce their risks. The Business Survival workshop is being organised by Prince of Wales's charity, Business in the Community and Envirowise, and is part of a year long project funded by regional development agency One <span class="company">North East</span> to help businesses in the region respond to and recover fr Tweet this 

New York based Tower Group Inc ( TWGP , Analyst Report ) has completed the acquisition of Illinois based specialty insurer, Specialty Underwriters' Alliance Inc ( SUAI , Snapshot Report ). The deal, which was previously announced during , cost $107 million for Tower. All the conditions contingent to the closing of the deal have been met. 
Share:  <span class="sent">New York based <span class="company">Tower</span> Group Inc ( TWGP , Analyst Report ) has completed the acquisition of Illinois based specialty insurer, Specialty Underwriters' Alliance Inc ( SUAI , Snapshot Report ). </span> The deal, which was previously announced during , cost $107 million for <span class="company">Tower</span>. All the conditions contingent to the closing of the deal have been met. Tweet this 

Tower Group Inc.'s ( TWGP , Analyst Report ) third quarter earnings of 74 cents were in line with the Zacks Consensus Estimate. Results were affected favorably by an increase in premiums written due to the acquisitions of CastlePoint and Hermitage. Last year, the company had reported earnings of 79 cents per share. 
Share:  <span class="sent"><span class="company">Tower</span> Group Inc.'s ( TWGP , Analyst Report ) third quarter earnings of 74 cents were in line with the Zacks Consensus Estimate. </span> Results were affected favorably by an increase in premiums written due to the acquisitions of CastlePoint and Hermitage. Last year, the company had reported earnings of 79 cents per share. Tweet this