NEW YORK--(BUSINESS WIRE)--June 6, 2007--Tower Group, Inc. (NASDAQ: TWGP) announced that effective June 30, 2007, Steven G. Fauth, Director of Tower Group, Inc. and Senior Vice President of Claims of its insurance subsidiaries, will resign from these positions to pursue other professional opportunities.
responsibilities will be assumed by various senior level managers currently employed by Tower
In addition, Mr. Fauth
will provide consulting services to the Company through the end of the year to assist with the transition.
Michael H. Lee, President and Chief Executive Officer, stated, "Since he began his association with Tower in 1993, Steve has greatly contributed to Tower's success in establishing high quality claims and legal defense departments as well as serving as General Counsel until 2006.
We thank Steve
for the leadership that he
has provided over the years and wish him the best in his