NU Online News Service, Nov. 20, 12:24 p.m. EST

Tower Group said William E. Hitselberger of PMA Capital Corp. will replace Francis M. Colalucci, who is retiring, as the company's chief financial officer.

The insurer said Mr. Hitselberger will join Tower on Dec.8 first as senior vice president, and take the CFO title March. 15, 2010, when Mr. Colalucci's planned retirement goes into effect.

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