Workers' Compensation

Tower Group, Inc. Acquires Workers Compensation Renewal Rights from AequiCap

Program Administrators

NEW YORK, Oct 15, 2009 (BUSINESS WIRE) -- Tower Group, Inc. (NASDAQ: TWGP) announced today that it has acquired the renewal rights to the workers compensation business of AequiCap Program Administrators, an underwriting agency based in Fort Lauderdale, Florida. The business subject to the agreement primarily consists of small, low to moderate hazard workers compensation policies in Florida that are consistent with Tower's current underwriting guidelines. In addition, AequiCap's employees involved in the servicing of the workers compensation business will become employees of Tower.

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