BNET Industries
Tower Group Inc. (TWGP) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $411.6M
- Profit
- Dec 31 2007
- $45.0M
- Market Cap
- May 09 2008
- $627.7M
Latest News and Analysis
Top Industry Leaders to Take Stage at 2008 TowerGroup Annual Conference
NEEDHAM, Mass. -- In continuing its tradition as a top venue for sharing insights on the major issues facing the global financial services industry, TowerGroup today announced that it will host two industry panel discussions at its upcoming 2008 Annual Conference. These sessions will compliment the over 30 strategic presentations...
Zoot Enterprises, TowerGroup Host Successful Executive Forum
Attendees Presented with Customer Acquisition Strategies During Volatile Market BOZEMAN, Mont. -- Zoot, a leading provider of advanced instant credit decisioning and loan origination solutions based in Bozeman, Mont. and TowerGroup, the leading research and advisory services firm focused exclusively on the financial services industry, recently hosted an...
Tower Group, Inc. Reports Strong First Quarter 2008 Operating Results
NEW YORK -- Tower Group, Inc. (NASDAQ: TWGP) today reported its financial results for the first quarter of 2008 including net income of $14.9 million as compared to net income of $11.6 million in the first quarter of 2007. Tower reported diluted earnings per share of $0.64 for the first...
TowerGroup: Targeted IT Spending by Brokerage Firms Can Drive Revenue and Gain Order Flow During Credit Crisis
NEEDHAM, Mass. -- The current credit crunch continues to foster volatility across the financial markets and negatively impact brokerage firms - as write-offs taken by brokerage firms to date climb above the $181.5 billion mark. Yet in the face of this continued uncertainly, new research from TowerGroup asserts that targeted...
As Automotive Loan Delinquencies Rise, TowerGroup Underscores Need for Lenders to Rethink 'Status Quo' on Debt Collections
NEEDHAM, Mass. -- Similar to other areas of U.S. consumer lending, delinquency rates for automotive loans are on the rise, with the 60 days past due (DPD) category rising 25 percent between the second and fourth quarters of 2007. New research from TowerGroup finds that maintaining the 'status quo' in...
New Survey Quantifies Senior Banking and Credit Card Executives' Latest Views on Liquidity Crisis
Increased credit delinquencies, fraud among chief concerns in what majority consider a "manageable setback" SAN FRANCISCO -- While a majority of executives at the top 50 U.S. banks and credit card issuers describe the credit crunch as a "manageable setback," another 33 percent consider it a systemic threat...
TowerGroup: Downturn in U.S. Economy Means Profitability Pressures for Credit Card Issuers in 2008
Lessons Learned From Previous Economic Downturns Provide the Blueprint for Card Issuers To Counter Credit Crisis And Generate Profits NEEDHAM, Mass. -- Banks have long relied on strong return on asset (ROA) performance from credit cards. Yet in the midst of the current credit crunch, new research from...
Surviving the Lending Crisis - Communication Strategies for Success
SEATTLE, April 24 /PRNewswire/ -- As the country struggles to combat the repercussions of one of the largest lending crises in history, mortgage and consumer lending businesses search for the most effective ways to influence late-payment customers and avoid business catastrophe. Tomorrow's success will rely on planning strategies that...
Tower Group, Inc. Announces Conference Call to Discuss First Quarter 2008 Financial Results
NEW YORK -- Tower Group, Inc. (NASDAQ: TWGP) announced today that it plans to release its first quarter 2008 results on Tuesday, May 6, 2008, prior to the market opening. Tower will also host a conference call and webcast to discuss these results on Tuesday, May 6, 2008 at 10:00...
Insurance Industry Must Rethink Approach to Annuities to Build Consumer Trust and Grow Share of Retirement Assets
New TowerGroup Research Explores Steps Insurers Should Take to Improve Annuity Offerings and Reduce Product Complexity NEEDHAM, Mass. -- With over 20 percent of the U.S. population expected to be over the age of 65 in 2025, there is a growing need for financial products that can guarantee...
TowerGroup: Card Issuers Must Ensure Card Reward Programs Adapt to Deteriorating Economy
New Research Offers Insights for Rethinking Card Rewards in a Challenged Economy NEEDHAM, Mass. -- Although rewards programs have been effective tools for credit card issuers for almost 25 years, drastic changes to the U.S. economy have made many current programs less relevant to consumers. A new TowerGroup...
TowerGroup and Pegasystems to Host Webinar - "Recessionary Growth Strategy One: Decreasing Costs While Improving Service"
Aimed at financial services executives, webinar details valuable business and IT strategies for market share growth in an economic downturn CAMBRIDGE, Mass. -- Pegasystems Inc. (NASDAQ: PEGA), the leader in Business Process Management (BPM), and Tower Group will present "Recessionary Growth Strategy One: Decreasing Costs While Improving Service,"...
TowerGroup: Financial Institutions Still Lacking in Holistic Approach to Fraud Management
NEEDHAM, Mass. -- As financial service institutions become more globalized and sophisticated, so do fraudsters. New research from TowerGroup finds that in order to combat the growing levels of existing fraud in the financial services sector, it is essential to treat fraud management as an offensive strategy - as opposed...
TowerGroup Welcomes Financial Communications Standards Expert to Investment Management Practice
NEEDHAM, Mass. -- TowerGroup today announced the addition of a new senior analyst to its Investment Management research service. In her new role, Dayle Scher will analyze the back-office processes, messaging standards, and technologies impacting the investment management market. Her research will focus on data management; trade processing; portfolio accounting;...
Zoot White Paper Provides Industry Insight to Instant Prescreen Capabilities
Offers Strategy to Acquire and Retain Qualified Customers in a Challenging Market BOZEMAN, Mont. -- Zoot, a leading provider of advanced instant credit decisioning and loan origination solutions based in Bozeman, Mont., announced today the release of a white paper entitled, "Operational Excellence: The Prescreen Revolution." ...
"2008 Top 10 Cross-Industry Business Drivers, Strategic Responses & IT Initiatives in the Gulf Region" by TowerGroup April 2008.
M2 PRESSWIRE-4 April 2008-MarketResearch.com: "2008 Top 10 Cross-Industry Business Drivers, Strategic Responses & IT Initiatives in the Gulf Region" by TowerGroup April 2008(C)1994-2008 M2 COMMUNICATIONS LTD RDATE:04042008 The trends of 2007 contained the seeds of what TowerGroup believes ...
"SunTrust Online Courier: A Case Study in Event-Based Delivery of Cash Management Information" by TowerGroup April 2008.
M2 PRESSWIRE-4 April 2008-MarketResearch.com: "SunTrust Online Courier: A Case Study in Event-Based Delivery of Cash Management Information" by TowerGroup April 2008(C)1994-2008 M2 COMMUNICATIONS LTD RDATE:04042008 In its effort to implement a new online banking solution and retire several...
"Nonpublic US Insurance Carriers Face Increased Regulation: Will It Protect the Public or Powerbases?" by TowerGroup April 2008.
M2 PRESSWIRE-4 April 2008-MarketResearch.com: "Nonpublic US Insurance Carriers Face Increased Regulation: Will It Protect the Public or Powerbases?" by TowerGroup April 2008(C)1994-2008 M2 COMMUNICATIONS LTD RDATE:04042008 The National Association of Insurance Commissioners (NAIC) has set its sights on...
E-signature slumber: time is running out for carriers and agency management vendors as a younger generation looks to sign on the electronic bottom line
Summary * Property/casualty companies have lagged their peers in the financial services sector in adopting electronic signature technology. * Because digital signature technology can be complex, Tower Group consultant Karen Pauli is advising clients to strike partnerships with reputable vendors instead of mounting an initiative in-house....
TowerGroup Comments on New Report That Faults KPMG in New Century Collapse
NEEDHAM, Mass. -- A recent report prepared for the US Department of Justice finds fault with accounting firm KPMG for contributing to the April 2007 collapse and bankruptcy of subprime mortgage lender New Century Financial Corporation. KPMG strenuously denies it ignored accounting rules in its auditing for the company, which...
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- Incorporated: 1989
- CEO: Mr. Michael H. Lee
- Employees: 549
Key Competitors
Tower Group Inc. Company Info
Board of Directors
Mr. Michael H. Lee
Chairman
Mr. Francis M. Colalucci
Mr. Steven W. Schuster
Mr. Charles A. Bryan
Mr. William W. Fox Jr.
Mr. Austin P. Young III
Contact Information
120 Broadway
14th Floor
New York, NY
212 655-2000
NAICS Code
Direct Property and Casualty Insurance Carriers: 524126
