Latest news and media enquiries

New Tower partnership offers teachers and other public sector professionals access to insurance benefitsNew Tower partnership offers teachers and other public sector professionals access to insurance benefits   Kiwi insurer Tower has today announced it is partnering with HealthCarePlus to provide members of education and public services unions with access to Tower products including house,…

Tower Insurance names University of Waikato climate change scholarship recipientsTower, the New Zealand and Pacific-based insurance company, has named the latest recipients of its Climate Change Scholarship, developed in partnership with the University of Waikato, with Bachelor of Climate Change students, Maia Waudby and Hannah Dagger, set to receive $5,000 each. Tower has supported the…

Tower scoops New Zealand’s top house and contents insurer awardCanstar has crowned Tower winner of its Canstar Home & Contents Insurer of the Year Award for 2024.  Canstar Group Manager – Wealth, Health & New Zealand, Tom Slee says when it comes to the cost of premiums Canstar hopes their research and award informs New…

Tower integrates Hello Claims platform to enhance motor claims processIncreased automation set to reduce motor claim turnaround times and increase customer visibility.Kiwi insurer Tower is excited to announce the integration of the Hello Claims assessing and repair management platform into its online systems. This move will significantly improve the motor claims process for both motor…

A year on: Auckland Anniversary weekend floods and Cyclone GabrielleThe Auckland Anniversary weekend flooding, closely followed by Cyclone Gabrielle, were the most impactful weather events our generation has known.The impact on our customers was significant with more than 9,400 claims. As of 24 January, Tower had settled 91% of claims for these events.For the most…

Tower to sell Vanuatu BusinessTower announces the conditional sale of its Vanuatu subsidiary to Capital Insurance Group of Papua New Guinea. The sale proceeds are expected to be around $1.6m, net of costs of sale, subject to adjustments for changes in the subsidiary’s net assets at the completion date. The sale is expected to complete…

Tower Reports Growth and Efficiency in a Challenging YearTower Limited (NZX/ASX: TWR) has today announced its full year results reporting improved revenue growth and expense control, with profits impacted by catastrophic weather events. For the year to 30 September 2023, the insurer recorded an underlying profit including large events of $7.8m versus $27.3m in the…

Tower and global Insurtech CelsiusPro Group partner to increase the up-take of parametric cyclone insurance for the PacificTower has joined forces with global Insurtech CelsiusPro Group to upgrade the IT platform for its Cyclone Response Cover, a parametric insurance product designed to provide policyholders with a rapid cash payout when their house, or other insured…

Appointment of Mike Cutter to Tower BoardTower Limited today announces the appointment of Mike Cutter as an independent director to the Tower Board to fill a casual vacancy.Mr Cutter has extensive governance and executive experience in the financial services sector across New Zealand, Australia, Asia, and Europe. He is currently the Chair of Arteva Funding,…

Successful placement of FY24 reinsurance programmeKiwi insurer Tower (NZX/ASX: TWR) has successfully renewed its reinsurance programme for the 2024 financial year. In a challenging reinsurance market following significant global weather events, Tower is pleased to have secured a comprehensive reinsurance programme at competitive rates for home, motor, boat, and commercial portfolio cover, across New Zealand…

Tower to sell Solomon Islands business Today Tower announces the conditional sale of its Solomon Islands business to Trans Pacific Assurance Limited.  The transaction will enhance Tower’s ability to pursue larger opportunities for growth in the Pacific, where the insurer is investing substantially in new technology and people. Tower Chief Executive Blair Turnbull says, “Tower’s Pacific…

Tower Updates Guidance, Provides Update on Large Events Tower Limited (NZX/ASX: TWR) has today provided an updated claims cost estimate for the Auckland and Upper North Island Weather Event and Cyclone Gabrielle as well as claims cost estimate for Cyclone Judy and Kevin which impacted Vanuatu in March. Additionally, Tower has updated its market guidance. Tower…

Canstar has awarded Tower a coveted Canstar Innovation Excellence Award for 2023, recognising the transparency and customer benefits of its world-leading flood risk rating tool.

From doggy dental care to ill and injured toms, this National Pet Day, Tower is delving into the data around their furriest customers to reveal the most common claims, breeds, and names of Kiwi pets.

With high claims volumes being processed caused by wild weather during the past two weeks, Tower has issued practical advice for Kiwis on how to prepare your home for Cyclone Gabrielle and help mitigate damage.

Kiwi insurer Tower settled its first motor claims related to the Auckland and North Island flooding on Tuesday, just four days after the first storm. The insurer has already settled 11 motor claims to date.

Tower Limited (NZX/ASX: TWR) has today issued an update to the NZX on the Auckland and North Island weather event. 

Kiwi insurer Tower remains focussed on helping customers recover and prepare for more incoming rain, amid rising claims. Since Friday evening, Tower has received over 1,000 claims and counting in relation to flooding in the upper North Island.

Kiwi insurer Tower is doing everything it can to support customers affected by flooding in Auckland and the upper North Island. Tower Chief Claims Officer Steve Wilson says, while it’s too early to estimate overall numbers, claims volumes are high and the business expects the floods to be a large event.

Keep phone lines free for those most severely impacted by claiming online if you can, says Kiwi insurer Tower. Tower Chief Claims Officer Steve Wilson says by 7.30pm last night, claims had already started rolling in from customers affected by heavy rain in Auckland and Northland. “We have brought in extra resource for our phone lines today and Sunday, as we anticipate claims volumes will increase.