ACP Re, the reinsurer backed by AmTrust founder Michael Karfunkel, has said it intends to press ahead with its planned $172mn takeover of Tower Group despite news of bigger-than-expected reserve charges at the troubled US insurer.
ACP Re, the reinsurer backed by AmTrust founder Michael Karfunkel, has said it intends to press ahead with its planned $172mn takeover of Tower Group despite news of bigger-than-expected reserve charges at the troubled US insurer.