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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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September 16, 2014
10:50 EDTAFSIOptions with increasing implied volatility
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September 15, 2014
09:20 EDTTWGPACP Re completes Tower Group acquisition
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09:16 EDTTWGPOn The Fly: Pre-market Movers
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September 12, 2014
18:56 EDTTWGPTower Group, ACP Re, Ltd. receive all regulatory approvals for merger
ACP Re, Ltd. and Tower Group International announced that ACP Re has received all regulatory approvals required in connection with its previously announced acquisition of Tower. Each of ACP Re and Tower expects to close the merger on the morning of Monday, September 15.

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