Reuters :: Small Business News

Tower Group, CastlePoint to buy Hermitage for $135 million

BANGALORE (Reuters) - Reinsurer CastlePoint Holdings Ltd , which is selling itself to Tower Group Inc , said it will buy privately held Hermitage Insurance Group Inc for about $135 million in cash.<div class="feedflare"> <a href="http://feeds.reuters.com/~f/reuters/smallBusinessNews?a=Co4xbK"><img src="http://feeds.reuters.com/~f/reuters/smallBusinessNews?i=Co4xbK" border="0"></img></a> <a href="http://feeds.reuters.com/~f/reuters/smallBusinessNews?a=bMt4pk"><img src="http://feeds.reuters.com/~f/reuters/smallBusinessNews?i=bMt4pk" border="0"></img></a> <a href="http://feeds.reuters.com/~f/reuters/smallBusinessNews?a=WB9VZk"><img src="http://feeds.reuters.com/~f/reuters/smallBusinessNews?i=WB9VZk" border="0"></img></a> </div><img src="http://feeds.reuters.com/~r/reuters/smallBusinessNews/~4/376381599" height="1" width="1"/>