CastlePoint Holdings, Ltd. (NASDAQ:CPHL) announced today that its
shareholders approved the merger with a wholly-owned subsidiary of Tower
Group, Inc. (NASDAQ:TWGP).
CastlePoint shareholders cast 27,682,906 votes in favor of the merger
which represents 90.8% of the total votes cast.
About CastlePoint
CastlePoint, a Bermuda-based holding company, through its subsidiaries,
CastlePoint Reinsurance Company, CastlePoint Management Corp., and
CastlePoint Insurance Company, provides property and casualty insurance
and reinsurance business solutions, products and services to small
insurance companies and program underwriting agents in the United States.
CPHL-F
Cautionary Note Regarding Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements. This press release or any other
written or oral statements made by or on behalf of Tower and CastlePoint
may include forward-looking statements that reflect Tower's and
CastlePoint's current views with respect to future events and financial
performance. All statements other than statements of historical fact
included in this press release are forward-looking statements.
Forward-looking statements can generally be identified by the use of
forward-looking terminology such as "may," "will," "plan," "expect,"
"project," "intend," "estimate," "anticipate," "believe" or "continue"
or their negative or variations or similar terminology. All
forward-looking statements address matters that involve risks and
uncertainties. Forward-looking statements speak only as of the date on
which they are made, and the assumptions underlying our pro forma
projections and/or earnings guidance could prove incorrect. Neither
CastlePoint nor Tower undertakes any obligation to update publicly or
revise any forward-looking statement, whether as a result of new
information, future developments or otherwise.
CastlePoint Holdings, Ltd.
Joel S. Weiner, Senior Vice President
and Chief Financial Officer,
441-294-6409
info@castlepoint.bm
