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Ox Bonding Services Corporation to Underwrite Surety on Behalf of Tower Group, Inc.

Miami, FL – Ox Bonding is pleased to announce that it has reached agreement to underwrite Surety business on behalf of Tower Insurance Company of New York and its affiliate, CastlePoint National Insurance Company, both members of Tower Group, Inc. (“Tower”). Ox Bonding will initially underwrite business on behalf of Tower in the states of AZ, AR, ID, IL, IA KS, KY, ME, MA, MI, MN, MT, NE, NV, NJ, NM, OH, OK, OR, PA, RI, SC, SD, UT, VA, WV and WI. Additional states of operation will be announced as they become available.

Ox Bonding offers a unique and innovative program aimed at the small and mid-sized contractor through its the Contractor Credit Program (“CCP”). This program supports contractors throughout the construction process by providing bonding, working capital and other support services. Ox Bonding also offers traditional commercial surety bonds to the millions of American businesses that are required to post a bond under the terms of their licenses.

About Ox Bonding

Ox Bonding  is a holding company with a global focus on providing insurance and financial related products and services to the middle market. Our subsidiary companies include a licensed and admitted property and casualty insurance company, licensed insurance agency, risk management group, and a company that provides financing and working capital to small businesses. Founded on recognition of the importance of character, Ox Bonding’s strategic focus is to provide needed products and services to frequently ignore small to midsized companies and independent business professionals.

For more information visit Ox Bonding’s website at

http://www.oxbonding.com

About Tower Group, Inc.

Tower Group, Inc. offers a range of diversified property and casualty insurance products and services through its operating subsidiaries. Its insurance company subsidiaries, all of which are rated A- (Excellent) by A.M. Best Company, Inc., offer insurance products to individuals and small to medium-sized businesses through a network of retail and wholesale agents and underwrite specialty business through program underwriting agents. Tower Group, Inc. is listed on the NASDAQ Global Select Market under the symbol TWGP.

For more information visit Tower’s website at

http://www.twrgrp.com/

Media Contact:
Rolland Bravo
Ox Bonding Financial Services Corporation
Marketing and Communications
rbravo@Ox Bondingfinancial.com
786-353-0301 x6035

 

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