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Data partnership to improve our sector
The University of Auckland is partnering with Kiwi insurer, Tower, to align academic research capabilities with real world industry needs.
Digital and data delivers growth
Tower announced underlying profit excluding large events increased 23% on the prior year to $34.7m, underlying profit including large events increased 3% on the prior year to $28.4 million, passing the top end of its guidance.
Tower supports new ways of working with EQC
Blair Turnbull, Tower Insurance’s Chief Executive Officer, welcomes the announcement that private insurers will be working with EQC to deliver better outcomes for customers after natural disaster events.
Corporate structure update June 2020
Tower Limited (NZX/ASX: TWR) confirms that the short-form amalgamation of Tower Limited,Tower Financial Services Group Limited and Tower New Zealand Limited down into Tower Insurance Limited has been approved by the Reserve Bank of New Zealand.
Tower supports climate risk reporting
Blair Turnbull, Tower Insurance’s Chief Executive Officer, welcomes today’s announcement on mandatory reporting of climate-related financial disclosures and said that the company would look to develop its reporting criteria to introduce this type of disclosure ahead of the 2023 timetable set by the government.
Tower gives back $7.2m to customers
Kiwi insurer, Tower, has today confirmed that it will be refunding customers $7.2m, due to the lower cost of car claims during the COVID-19 lockdown period.
Corporate structure update Sept 2020
Tower Limited (NZX/ASX: TWR) intends to simplify its corporate structure to make Tower Insurance Limited the listed parent company of the Tower Group, subject to regulatory approval.
New Tower CEO announced
Tower Insurance has today announced the appointment of New Zealander, Blair Turnbull as Chief Executive Officer, subject to completion of the regulatory approvals process.
Tower commits to refund COVID-19 claims
Tower Insurance confirms it will pass on any savings it makes due to COVID-19 with refunds for car insurance customers to be made by the end of May 2020.
Tower supports customers during COVID-19
Tower introduces hardship measures to support customers during COVID-19.
Tower Insurance takes EQC to court
Tower Insurance (Tower) today advised it has lodged formal proceedings against the EQC for the recovery of money owed to Tower for rectifying building issues on EQC’s behalf.
Tower fixes fee disclosure issues
Tower Insurance today advised it has identified, resolved and self-reported an issue relating to the disclosure of fees for some customers.
Tower completes acquisition of Youi NZ
Tower Limited today announced that Tower Insurance Limited has settled its purchase of Youi NZ Pty Ltd’s insurance portfolio.