CastlePoint Shareholders Approve Merger with Tower.

HAMILTON, Bermuda -- CastlePoint Holdings, Ltd. (NASDAQ:CPHL) announced today that its shareholders approved the merger with a wholly-owned subsidiary of Tower Group, Inc. (NASDAQ:TWGP).

CastlePoint shareholders cast 27,682,906 votes in favor of the merger which represents 90.8% of the total votes cast.

About CastlePoint

CastlePoint, a Bermuda-based holding company, through its subsidiaries, CastlePoint Reinsurance Company, CastlePoint Management Corp., and CastlePoint Insurance Company, provides property and casualty insurance and reinsurance business solutions, products and services to small insurance companies and program underwriting agents in the United States.

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Cautionary Note Regarding Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This press release or any other written or oral statements made by or on behalf of Tower and CastlePoint may include forward-looking statements that reflect Tower's and CastlePoint's current views with respect to future events and financial performance. All statements other than statements of historical fact included in this press 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," "project," "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. Forward-looking statements speak only as of the date on which they are made, and the assumptions underlying our pro forma projections and/or earnings guidance could prove incorrect. Neither CastlePoint nor Tower undertakes any obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.