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Tower Group International Ltd Shares Plunge As Loss Reserve Triples-Reuters


Tuesday, 8 Oct 2013 10:46am EDT 

Reuters reported that Shares of Tower Group International Ltd fell sharply after the Company tripled its loss reserve to about $365 million, much higher than what the property and casualty insurer indicated. Tower Group also said on October 07, 2013 that its Board is reviewing a range of strategic options but did not indicate when it would publish its already delayed results. 

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