AM Best will probably downgrade Tower Group, forcing the crisis-hit US carrier to go into run-off or drastically revise its business model to stay afloat, US investment bank Keefe, Bruyette & Woods (KBW) has said.
AM Best will probably downgrade Tower Group, forcing the crisis-hit US carrier to go into run-off or drastically revise its business model to stay afloat, US investment bank Keefe, Bruyette & Woods (KBW) has said.