Analyst Coverage

Firm Analyst
Friedman Billings Ramsey & Co.   Bijan Moazami
Keefe Bruyette & Woods Inc.   Robert Farnam
Macquarie Securities   Adam Klauber
Piper Jaffray Companies   Michael Grasher
Polestar Investment Research   Raj Sharma
Sidoti   Robert Paun
Wunderlich   Beth Malone

Tower Group, Inc. is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding Tower Group, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Tower Group, Inc. or its management. Tower Group, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.