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	<title>Stock Blog Hub &#187; Tower Group Inc.</title>
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		<title>(TWGP) Tower Group Misses on Catastrophic Losses</title>
		<link>http://www.stockbloghub.com/2011/11/09/twgp-tower-group-misses-on-catastrophic-losses/86701</link>
		<comments>http://www.stockbloghub.com/2011/11/09/twgp-tower-group-misses-on-catastrophic-losses/86701#comments</comments>
		<pubDate>Wed, 09 Nov 2011 16:49:23 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIZ]]></category>
		<category><![CDATA[Assurant Inc.]]></category>
		<category><![CDATA[CB]]></category>
		<category><![CDATA[CINF]]></category>
		<category><![CDATA[Cinnati Financial Corporation]]></category>
		<category><![CDATA[The Chubb Corporation]]></category>
		<category><![CDATA[The Travelers Companies Inc.]]></category>
		<category><![CDATA[Tower Group Inc.]]></category>
		<category><![CDATA[TRV]]></category>
		<category><![CDATA[TWGP]]></category>
		<category><![CDATA[W.R. Berkley Corporation]]></category>
		<category><![CDATA[Westar Energy Inc.]]></category>
		<category><![CDATA[WR]]></category>
		<category><![CDATA[WRB]]></category>

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		<description><![CDATA[Property and casualty insurer Tower Group Inc.’s (TWGP) reported third quarter 2011 operating loss of 38 cents per share, substantially worse than the Zacks Consensus Estimate of a loss of 17 cents. Results also contrasted unfavorably with the prior-year quarter&#8217;s earnings of 65 cents. Lower-than-expected results came on the back of a huge catastrophe charge of $39.1 million (after-tax), partly mitigated by higher revenues and a lower share count due to share buybacks. The New York-based company posted total revenue of $455.2 million, higher than the Zacks Consensus Estimate of $421 million and also up 7.5% year over year, reflecting an increase in premiums written, higher net investment income, partially offset by lower net realized investment gains, and commission and fee income. Gross premiums written increased 16% year over year ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MRH) Montpelier Estimates Catastrophe Loss</title>
		<link>http://www.stockbloghub.com/2011/10/17/mrh-montpelier-estimates-catastrophe-loss/85119</link>
		<comments>http://www.stockbloghub.com/2011/10/17/mrh-montpelier-estimates-catastrophe-loss/85119#comments</comments>
		<pubDate>Mon, 17 Oct 2011 16:54:22 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIZ]]></category>
		<category><![CDATA[Assurant Inc.]]></category>
		<category><![CDATA[CB]]></category>
		<category><![CDATA[CINF]]></category>
		<category><![CDATA[Cinnati Financial Corporation]]></category>
		<category><![CDATA[Montpelier Re Holdings Limited]]></category>
		<category><![CDATA[MRH]]></category>
		<category><![CDATA[The Chubb Corporation]]></category>
		<category><![CDATA[Tower Group Inc.]]></category>
		<category><![CDATA[TWGP]]></category>
		<category><![CDATA[W.R. Berkley Corporation]]></category>
		<category><![CDATA[Westar Energy Inc.]]></category>
		<category><![CDATA[WR]]></category>
		<category><![CDATA[WRB]]></category>
		<category><![CDATA[XL]]></category>
		<category><![CDATA[XL Capital Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=85119</guid>
		<description><![CDATA[Montpelier Re Holdings Ltd. (MRH) expects a third quarter preliminary net loss of $30 million from US catastrophes including Hurricane Irene and the Texas wildfires, $20 million from US regional aggregate covers and $10 million from the July Danish floods. Montpelier also expects to incur a loss of$10 million from the June 2011 New Zealand earthquake. The second quarter also suffered due to catastrophe losses, resulting from tornado activity in the United States in April and May. Montpelier’s second quarter operating earnings of 8 cents per share were much lower than the Zacks Consensus Estimate largely due to catastrophe losses, lower investment income and higher operating expenses. Underwriting loss in second-quarter 2011 totaled $3.8 million, comparing unfavorably with the year-ago quarter&#8217;s profit of $59.5 million. Combined ratio in the quarter ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/10/17/mrh-montpelier-estimates-catastrophe-loss/85119/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(CINF) Cincinnati Financial Estimates Catastrophe Loss</title>
		<link>http://www.stockbloghub.com/2011/10/13/cinf-cincinnati-financial-estimates-catastrophe-loss/85003</link>
		<comments>http://www.stockbloghub.com/2011/10/13/cinf-cincinnati-financial-estimates-catastrophe-loss/85003#comments</comments>
		<pubDate>Thu, 13 Oct 2011 16:32:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIZ]]></category>
		<category><![CDATA[Assurant Inc.]]></category>
		<category><![CDATA[CB]]></category>
		<category><![CDATA[CINF]]></category>
		<category><![CDATA[Cinnati Financial Corporation]]></category>
		<category><![CDATA[The Chubb Corporation]]></category>
		<category><![CDATA[Tower Group Inc.]]></category>
		<category><![CDATA[TWGP]]></category>
		<category><![CDATA[W.R. Berkley Corporation]]></category>
		<category><![CDATA[Westar Energy Inc.]]></category>
		<category><![CDATA[WR]]></category>
		<category><![CDATA[WRB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=85003</guid>
		<description><![CDATA[Yesterday, property and casualty insurer Cincinnati Financial Corp. (CINF) declared a preliminary pre-tax catastrophe loss (cat loss) estimate of about $88–$98 million, which will be reflected in its third quarter 2011 results.  The losses mainly emanated from Hurricane Irene and other catastrophes. The Cincinnati, Ohio-based company stated that catastrophes affected its loss ratio by an average of 4.9 % for the third quarter and 4.4% on a full-year basis over the past decade. However, the impact of the recent catastrophe on the third quarter loss ratio will be approximately 11.5% to 12.5%, significantly higher than the historical average. In the previous quarter, Cincinnati incurred huge storm losses of $290 million and reported an operating loss of 57 cents per share, which was, however, narrower than the Zacks Consensus Estimate of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/10/13/cinf-cincinnati-financial-estimates-catastrophe-loss/85003/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(TWGP) Tower Group Declares Second Quarter Catastrophe Loss Estimate</title>
		<link>http://www.stockbloghub.com/2011/06/29/twgp-tower-group-declares-second-quarter-catastrophe-loss-estimate/77913</link>
		<comments>http://www.stockbloghub.com/2011/06/29/twgp-tower-group-declares-second-quarter-catastrophe-loss-estimate/77913#comments</comments>
		<pubDate>Wed, 29 Jun 2011 20:43:40 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[ALL]]></category>
		<category><![CDATA[Allstate Corporation]]></category>
		<category><![CDATA[The Travelers Companies Inc.]]></category>
		<category><![CDATA[Tower Group Inc.]]></category>
		<category><![CDATA[TRV]]></category>
		<category><![CDATA[TWGP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77913</guid>
		<description><![CDATA[Yesterday, property and casualty insurer Tower Group, Inc. (TWGP) announced its catastrophe loss estimate for the second quarter of 2011. The company pegged the total pre-tax catastrophe loss (cat loss) estimate from the April-May storm at $8 million. Earlier during April, Tower announced that the loss from Northeast U.S. winter storms would be in the range of $6.5 million to $9.8 million after tax, or 16 cents to 23 cents per diluted share In the previous quarter, Tower experienced higher winter-weather-related claims activity from the record snowfall in the Northeast, Midwest and Mid-Atlantic, which persisted from late December 2010 through the first quarter of 2011. The company registered after-tax cat loss of $9.8 million or 23 cents per share during the first quarter of 2011 compared with $12.0 million or ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(TWGP) Tower Group Incorporated &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2011/05/18/twgp-tower-group-incorporated-bear-of-the-day-3/73901</link>
		<comments>http://www.stockbloghub.com/2011/05/18/twgp-tower-group-incorporated-bear-of-the-day-3/73901#comments</comments>
		<pubDate>Wed, 18 May 2011 18:14:00 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[Tower Group Inc.]]></category>
		<category><![CDATA[TWGP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=73901</guid>
		<description><![CDATA[Weaker investment yield continues to be a concern for Tower Group Inc. (TWGP). In response to this environment, management had implemented a strategy to purchase dividend paying common stocks during the fourth quarter to enhance investment income. The company is also evaluating alternative investment classes to further enhance the investment income. Though management is trying ways to offset pressure from low interest rate, we are not sure as to whether the company will be successful with this strategy. Our six-month target price of $22.00 equates to about 8.4x our earnings estimate for 2011. We view the $0.50 per share annual dividend as secure, implying a total negative return of about 7.4% over that period, which is consistent with our Underperform recommendation on the shares. TOWER GROUP INC (TWGP): Free Stock ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/05/18/twgp-tower-group-incorporated-bear-of-the-day-3/73901/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(TWGP) Tower Group Incorporated &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2011/03/23/twgp-tower-group-incorporated-bear-of-the-day-2/69529</link>
		<comments>http://www.stockbloghub.com/2011/03/23/twgp-tower-group-incorporated-bear-of-the-day-2/69529#comments</comments>
		<pubDate>Wed, 23 Mar 2011 07:38:35 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[Tower Group Inc.]]></category>
		<category><![CDATA[TWGP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=69529</guid>
		<description><![CDATA[We are downgrading our recommendation on Tower Group, Inc. (TWGP) to Underperform from Neutral as we think that a lower interest rate environment and higher expense ratio due OneBeacon&#8217;s Personal Lines system integration, as well as other systems-related initiatives, will suppress earnings in the near term. The company&#8217;s fourth quarter 2010 earnings were ahead of the Zacks Consensus estimate, aided by a significant increase in Tower&#8217;s Personal Lines business and its continued expansion into the Specialty Commercial business. However, a soft insurance market and exposure to catastrophe prone areas are some of the headwinds. Our six-month target price of $21.00 equates to about 7.6x our earnings estimate for 2011. We view the $0.50 per share annual dividend as secure, implying a total negative return of about 9.1% over that period, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/03/23/twgp-tower-group-incorporated-bear-of-the-day-2/69529/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(TWGP) Tower Group Incorporated &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2010/05/17/twgp-tower-group-incorporated-bear-of-the-day/37326</link>
		<comments>http://www.stockbloghub.com/2010/05/17/twgp-tower-group-incorporated-bear-of-the-day/37326#comments</comments>
		<pubDate>Mon, 17 May 2010 15:07:35 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[Tower Group Inc.]]></category>
		<category><![CDATA[TWGP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=37326</guid>
		<description><![CDATA[We are downgrading our recommendation on Tower Group (TWGP) to Underperform. Tower Group is embarking on an aggressive geographic expansion plan at a time of intensifying competition and rate softening in the broader property-casualty market. Entering several new markets poses uncertainty, and we are concerned that the company could under-price unfamiliar risks. Tower generates a substantial portion of its revenues from the Northeast United States, an area which is significantly prone to catastrophes. It has incurred losses from the recent catastrophes in this area. Our six-month target price of $21.00 equates to about 7.4X our earnings estimate for 2010. We view the $0.28 per share annual dividend as secure, implying a negative total return of about 8.0% over that period. Zacks Investment Research]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/05/17/twgp-tower-group-incorporated-bear-of-the-day/37326/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(TWGP) Tower Group Has Ratings Affirmed by A.M. Best</title>
		<link>http://www.stockbloghub.com/2010/04/05/twgp-tower-group-has-ratings-affirmed-by-a-m-best/32832</link>
		<comments>http://www.stockbloghub.com/2010/04/05/twgp-tower-group-has-ratings-affirmed-by-a-m-best/32832#comments</comments>
		<pubDate>Tue, 06 Apr 2010 04:28:20 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[Tower Group Inc.]]></category>
		<category><![CDATA[TWGP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=32832</guid>
		<description><![CDATA[Last week, rating agency A.M. Best affirmed the ratings of Tower Group Inc. (TWGP) and its subsidiaries. The ratings action includes the affirmation of issuer credit ratings (ICR) of “bbb-&#8221; on Tower Group Inc. A.M.Best views favorably the acquisitions made by Tower Group over the last few years, enabling the company to diversify its business mix. The acquisitions made last year &#8212; CastlePoint, Hermitage and Specialty Underwriters Alliance &#8212; have helped the company to expand outside the Northeast, which accounts for a major chunk of business. Other positives are adequate loss reserves, solid capitalization moderate leverage, strong operating performance and disciplined underwriting. The rating agency is also optimistic about the pending acquisition of OneBeacon Insurance Group Ltd.’s personal lines business, which Tower announced in Feb 2010. The acquisition is expected ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/05/twgp-tower-group-has-ratings-affirmed-by-a-m-best/32832/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(TWGP) Tower Group Announces First Quarter Catastrophe Loss Estimates</title>
		<link>http://www.stockbloghub.com/2010/04/01/twgp-tower-group-announces-first-quarter-catastrophe-loss-estimates/32645</link>
		<comments>http://www.stockbloghub.com/2010/04/01/twgp-tower-group-announces-first-quarter-catastrophe-loss-estimates/32645#comments</comments>
		<pubDate>Thu, 01 Apr 2010 21:34:10 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[Axis Capital Holdings Limited]]></category>
		<category><![CDATA[AXS]]></category>
		<category><![CDATA[Max Capital Group Limited]]></category>
		<category><![CDATA[MXGL]]></category>
		<category><![CDATA[Tower Group Inc.]]></category>
		<category><![CDATA[TWGP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=32645</guid>
		<description><![CDATA[Property and casualty insurer Tower Group Inc (TWGP) today announced its estimation for first quarter 2010 catastrophe loss. The company approximated a total after-tax catastrophe loss from the northeast storm in the range of $7.2 million to $9.1 million according to preliminary estimates. Prior to this, the company had suffered from Hurricane Ike that occurred in the third quarter of 2008, in the Gulf of Mexico area, causing $1.8 million in net losses. Catastrophe losses adversely affect combined ratio, a measure of insurers’ profitability. Tower Group’s combined ratio was 94.7% at the end of fourth quarter 2009. At the time of the earnings release, management announced its expectation for combined ratio to come down to 92% for the first two quarters of 2010, before shrinking further, to 90% levels. The ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/01/twgp-tower-group-announces-first-quarter-catastrophe-loss-estimates/32645/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(TWGP) Tower Group Completes Acquisition of Specialty Underwriters&#8217; Alliance</title>
		<link>http://www.stockbloghub.com/2009/11/16/twgp-tower-group-completes-acquisition-of-specialty-underwriters-alliance/20689</link>
		<comments>http://www.stockbloghub.com/2009/11/16/twgp-tower-group-completes-acquisition-of-specialty-underwriters-alliance/20689#comments</comments>
		<pubDate>Tue, 17 Nov 2009 01:16:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[Specialty Underwriters' Alliance Inc]]></category>
		<category><![CDATA[SUAI]]></category>
		<category><![CDATA[Tower Group Inc.]]></category>
		<category><![CDATA[TWGP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=20689</guid>
		<description><![CDATA[New York-based Tower Group Inc. (TWGP) has completed the acquisition of Illinois-based specialty insurer, Specialty Underwriters&#8217; Alliance Inc. (SUAI). The deal, which was previously announced during Jun 2009, cost $107 million for Tower. All the conditions contingent to the closing of the deal have been met. The acquisition will enable Specialty Underwriters to better leverage and expand its independent general agent distribution network. The deal will allow Tower to create a separate underwriting and operational infrastructure dedicated to specialty business to take advantage of the growth opportunities in this area. The acquisition also gives Tower a Midwest regional office to support continued geographical expansion. By utilizing Specialty&#8217;s underwriting staff to offer products to wholesale and retail agents in the Midwest, Tower would also expand its brokerage insurance business in a ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/11/16/twgp-tower-group-completes-acquisition-of-specialty-underwriters-alliance/20689/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(TWGP) Tower Group&#8217;s Earnings Report Falls in Line</title>
		<link>http://www.stockbloghub.com/2009/11/09/twgp-tower-groups-earnings-report-falls-in-line/20013</link>
		<comments>http://www.stockbloghub.com/2009/11/09/twgp-tower-groups-earnings-report-falls-in-line/20013#comments</comments>
		<pubDate>Mon, 09 Nov 2009 23:16:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[Tower Group Inc.]]></category>
		<category><![CDATA[TWGP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=20013</guid>
		<description><![CDATA[Tower Group Inc.&#8216;s (TWGP) 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. Gross premiums written and produced increased 39.4% year-over-year to $283 million. Total revenues increased 96.1% year-over-year to $256.3 million. Net premiums earned of $223.9 million represented 87.3% of total revenues in the reported quarter, compared to 67.5% for the same period in 2008. Net investment income increased 165.9% year-over-year to $21.7 million, with a tax-equivalent yield of 5.6% versus 5.5% in the year-ago period. Total commission and fee income decreased 78.2% year-over-year to $8.1 million. Commission and fee income decreased primarily due to ]]></description>
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