Tower Group International, Ltd. TWGP (Tower) announced today
that on January 3, 2014 it entered into an Agreement and Plan of Merger
(Merger Agreement) with ACP Re Ltd. (ACP Re), and a wholly-owned
subsidiary of ACP Re (Merger Sub), pursuant to which, subject to the
satisfaction or waiver of the conditions therein, it is expected that
Merger Sub will merge with and into Tower, with Tower as the surviving
corporation in the merger and a wholly owned subsidiary of ACP Re. The
transaction is expected to close by the summer of 2014. ACP Re is a
Bermuda based reinsurance company. The controlling shareholder of ACP Re
is a trust established by the founder of AmTrust Financial Services,
Inc. (AmTrust), National General Holdings Corporation (NGHC) and Maiden
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