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Firm Analyst
Fox-Pitt Kelton Cochran Caronia Waller (USA) LLC   Matthew Carletti
Friedman Billings Ramsey & Co.   Bijan Moazami
Keefe Bruyette & Woods Inc.   Robert Farnam
KeyBanc Capital Markets   Elizabeth Malone
Piper Jaffray Companies   Michael Grasher

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.