Tower Group takes $5.4mn hit on PXRE commutations
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Tower Group takes $5.4mn hit on PXRE commutations

10 July 2006
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New York-based Tower Group Inc revealed on 6 July that it will write down $5.4mn on its balance sheet after commuting its outstanding liabilities with the near-defunct Bermudian reinsurer, PXRE Group.

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News July 2006/3
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