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Tower Group Inc. (TWGP)On Dec 1: 24.45  Down 0.23 (0.93%)  
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Tower Group Inc.
120 Broadway
31st Floor
New York, NY 10271
United States - Map
Phone: 212-655-2000
Fax: 212-655-2199
Web Site: http://www.twrgrp.com

DETAILS 
Index Membership:S&P 600 SmallCap
S&P 1500 Super Comp
Sector:Financial
Industry:Property & Casualty Insurance
Full Time Employees:588

BUSINESS SUMMARY 
Tower Group, Inc., through its subsidiaries, provides a range of specialized property and casualty insurance products and services to small to mid-sized businesses and individuals primarily in the northeast, Florida, Texas, and California. Its insurance products include commercial multiple-peril products, such as commercial package policies, businessowners policies, and landlord package policies; commercial products comprising monoline commercial general liability and commercial umbrella policies; workersÂ’ compensation; commercial automobile; personal automobile; homeowners policy; and fire and allied lines policies consisting of dwelling and monoline commercial property policies. The company offers its products to businesses, such as residential and commercial buildings, retail and wholesale stores, food service and restaurants, artisan contractors, and garage automotive services. It also produces premiums on behalf of its issuing companies, as well as provides administrative, underwriting, claims administration, and reinsurance intermediary services. The company distributes its products through independent wholesale, and retail agents and brokers. Tower Group was founded in 1989 and is headquartered in New York, New York.
Key Statistics

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    CORPORATE GOVERNANCE 
    Tower Group Inc.'s Corporate Governance Quotient (CGQ®) as of 1-Dec-09 is better than 83.1% of S&P 600 companies and 80.7% of Insurance companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Michael H. Lee , 51
    Chairman, Chief Exec. Officer, Pres and Chairman of Exec. Committee
    N/A N/A
    Mr. Francis M. Colalucci C.P.A, 64
    Chief Financial Officer, Sr. VP, Treasurer, Director and Member of Exec. Committee
    N/A N/A
    Mr. Gary S. Maier , 44
    Chief Underwriting Officer and Sr. VP
    $ 384.00KN/A
    Mr. Bruce W. Sanderson ,
    Managing VP of New York and Mid-Atlantic Territory
    $ 334.00KN/A
    Ms. Laurie A. Ranegar , 47
    Sr. VP of Operations
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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