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Stock Market & Financial Investment News

News Breaks
January 21, 2014
07:48 EDTAFSI, TWGPAmTrust receives regulatory approval to provide cut-through agreement for Tower
AmTrust Financial (AFSI) announced the receipt of regulatory approval to complete an agreement between a subsidiary of the company and several Tower Group International (TWGP) subsidiaries to enter into a 100% quota share reinsurance agreement and provide a cut-through endorsement to at least 60% of Tower's in force Commercial Lines policies and on most new and renewal Commercial Lines Business. AmTrust has agreed to accept 65%-70% of unearned premium with respect to in-force Commercial Lines policies. The agreement is effective as of January 1, for losses occurring on or after January 1. The company will pay a 20% ceding commission to Tower on all Tower premium subject to the Cut Through Reinsurance Agreement.
News For AFSI;TWGP From The Last 14 Days
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August 20, 2014
11:09 EDTTWGPHigh option volume stocks
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August 19, 2014
17:02 EDTTWGPTower Group receives Nasdaq notice regarding listing requirements
Tower Group International announced that it received a notification letter from The Nasdaq Listing Qualification Department on August 14, stating that because Tower has not yet filed its Form 10-Q for the period ended June 30 with the SEC, it was not in compliance with the continued listing requirements under Nasdaq Listing Rule 5250c1. The Nasdaq notice has no immediate effect on the listing or trading of Tower's common stock on The Nasdaq Global Market. Under Nasdaq listing rules, Tower has 60 days to submit a plan to Nasdaq to regain compliance with the applicable listing rule. Tower currently expects to file the 10-Q with the SEC within approximately the next twenty days.
August 15, 2014
08:20 EDTAFSIAmTrust Financial management to meet with JMP Securities
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August 14, 2014
17:12 EDTTWGPMMCAP International reports 5.79% passive stake in Tower Group
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