Overview
The Tower Group Inc. is a holding company for subsidiaries that offer a range of specialized property-and-casualty insurance products and services to small and midsize businesses and individuals primarily in the Northeast, Florida, Texas and California. Its coverage includes risks considered nonstandard due to the type of business, location, premium and other factors. The company has 940 agents and seven branches and 110 wholesale and general agents.
Its subsidiaries include Tower Insurance Co. of New York, Tower National Insurance Co., Preserver Insurance Co., Mountain Valley Indemnity Co. and North East Insurance Co. Tower Group recently acquired CastlePoint Holdings Ltd., a reinsurance and insurance holding company, and HIG Inc., a specialty property-and-casualty insurance holding company.