The Michael Karfunkel Family 2005 Trust is to inject $200mn into Tower Group acquisition vehicle ACP Re to cover legacy liabilities at the Bermudian carrier after it experienced larger than expected adverse reserve development.
The Michael Karfunkel Family 2005 Trust is to inject $200mn into Tower Group acquisition vehicle ACP Re to cover legacy liabilities at the Bermudian carrier after it experienced larger than expected adverse reserve development.