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Tower Group International says it needs to strengthen loss reserves by about $365 million for accident years 2009-2011, resulting in an impairment charge of $215 million for the second quarter.

Tower Group International says it will receive $5 million in exchange for the termination of its previously announced agreement to buy American Safety Reinsurance from Fairfax Financial Holdings.

Tower Group International says it will receive $5 million in exchange for the termination of its previously announced agreement to buy American Safety Reinsurance from Fairfax Financial Holdings.

Tower Group Cos. says it emphatically rejects allegations of unsatisfactory Superstorm Sandy claims-handling practices brought by New York.

Tower Group Cos. says it emphatically rejects allegations of unsatisfactory Superstorm Sandy claims-handling practices brought by New York.

Tower Group expects an after-tax net loss of between $55 million and $68 million next quarter due to Superstorm Sandy, while Fitch Ratings says insurers can easily handle the lossesand then some.

PropertyCasualty360.com’s Claims Channel Editor Christina Bramlet is twittering every day about breaking news and timely topics. Check out the latest claim-related tweets.

Tower Group Inc. says it expects $8 million in pre-tax losses from U.S. storms in April, May and early June.