Exhibit 99.1


           Tower Group, Inc. Reports on Annual Meeting of Stockholders


     NEW YORK--(BUSINESS WIRE)--May 19, 2006--Tower Group, Inc. (NASDAQ:TWGP)
today reported the results of its Annual Meeting of Stockholders held on May 18,
2006 in New York City. President and Chief Executive Officer Michael H. Lee
presided over the meeting and reported that the proposal to elect two nominees
to the Board of Directors to serve until the 2009 annual meeting of
stockholders, or until their successors are elected and qualified, had been duly
approved by stockholders. Steven G. Fauth, Senior Vice President and General
Counsel of Tower Group, Inc., and Austin P. Young III, C.P.A., were reelected to
the Company's Board of Directors.
     The stockholders also approved the appointment of the firm of Johnson
Lambert & Co., which served as the Company's independent registered public
accounting firm for 2005, to serve as the Company's independent registered
public accounting firm for 2006.

     About Tower Group, Inc.

     Tower Group, Inc., headquartered in New York City, offers property and
casualty insurance products and services through its insurance company and
insurance service subsidiaries. Its two insurance company subsidiaries are Tower
Insurance Company of New York which is rated A- (Excellent) by A.M. Best Company
and offers commercial insurance products to small to medium-size businesses and
personal insurance products to individuals and Tower National Insurance Company
which is also rated A- (Excellent) by A.M. Best Company. Its insurance services
subsidiary, Tower Risk Management, acts as a managing general agency, adjusts
claims and negotiates reinsurance terms on behalf of other insurance companies.

     Cautionary Note Regarding Forward-Looking Statements

     The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements. This release or any other written or
oral statements made by or on behalf of the Company may include forward-looking
statements that reflect the Company's current views with respect to future
events and financial performance. All statements other than statements of
historical fact included in this release are forward-looking statements.
Forward-looking statements can generally be identified by the use of
forward-looking terminology such as "may," "will," "plan," "expect," "intend,"
"estimate," "anticipate," "believe" or "continue" or their negative or
variations or similar terminology. All forward-looking statements address
matters that involve risks and uncertainties. Accordingly, there are or will be
important factors that could cause our actual results to differ materially from
those indicated in these statements. We believe that these factors include but
are not limited to ineffectiveness or obsolescence of our business strategy due
to changes in current or future market conditions; increased competition on the
basis of pricing, capacity, coverage terms or other factors; greater frequency
or severity of claims and loss activity, including as a result of natural or
man-made catastrophic events, than our underwriting, reserving or investment
practices anticipate based on historical experience or industry data; the
effects of acts of terrorism or war; developments in the world's financial and
capital markets that adversely affect the performance of our investments;
changes in regulations or laws applicable to us, our subsidiaries, brokers or
customers; changes in the level of demand for our insurance and reinsurance
products and services, including new products and services; changes in the
availability, cost or quality of reinsurance and failure of our reinsurers to
pay claims timely or at all; loss of the services of any of our executive
officers or other key personnel; the effects of mergers, acquisitions and
divestitures; changes in rating agency policies or practices; changes in legal
theories of liability under our insurance policies; changes in accounting
policies or practices; and changes in general economic conditions, including
inflation and other factors. Forward-looking statements speak only as of the
date on which they are made, and the Company undertakes no obligation to update
publicly or revise any forward-looking statement, whether as a result of new
information, future developments or otherwise.

     For more information visit Tower's website at http://www.twrgrp.com/.


     CONTACT: Tower Group, Inc.
              Thomas Song, 212-655-4789
              tsong@twrgrp.com
              or
              Investor Relations:
              Makovsky + Company
              Gene Marbach, 212-508-9600
              gmarbach@makovsky.com