Three-and-a-half months after the scheduled release date, Tower Group finally reported its second quarter results after markets closed on Friday (22 November), revealing a $507mn net loss and the virtual halving of tangible book value (NTAV).
Three-and-a-half months after the scheduled release date, Tower Group finally reported its second quarter results after markets closed on Friday (22 November), revealing a $507mn net loss and the virtual halving of tangible book value (NTAV).