TEXT-Fitch affirms Tower Group Inc ratings

Jan 25 - Fitch Ratings has affirmed the 'BBB' Issuer Default Rating (IDR) of Tower Group, Inc. (Tower) and the 'A' Insurer Financial Strength (IFS) ratings Tower's operating subsidiaries. A full list of ratings follows at the end of this release. The Rating Outlook is Stable. The rating rationale considers Tower's historical profitability and expectations of a reversion towards previous profit levels in the near future; the company's multi-tiered approach to underwriting; history of modest rese