In its delayed third quarter report released Tuesday, Tower Group International Ltd. announced adverse loss reserve charges of $143.7 million — well above the estimate of $75 million to $105 million it had issued Dec. 17.The company reported a net third quarter loss of $347.6 million, compared with net income of $21.6 million in the third quarter of 2012. Its quarterly operating loss of $176.9 million compared with an operating gain of $23.6 million a year earlier.The company said its reserve charge was far higher than it had projected in December because of new information on the perfor...
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