Peak Re

24 May 17, 2:53pm
Tower gets $30 million cash advance from BNZ as quake costs see it only $5 million away from breaching the RBNZ solvency requirements
More...
6 Feb 17, 7:37am
A court document reveals Tower has $6 million at stake in its legal battle with EQC over land damage; Question marks remain over why there are still $51 million of EQC recoveries in dispute
More...
6 Dec 16, 10:02am
Government confirms it has not been approached by Tower as the insurer seeks capital to ring-fence its quake-related business; Forsyth Barr expects Tower to sell 'RunOff Co'
More...
29 Nov 16, 9:51am
Tower announces plan to ring fence troublesome quake claims; says industry model is 'broken'; widens loss to $21.5 million; share price at record low
More...
15 Nov 16, 12:51pm
Tower confident it has enough reinsurance so the North Canterbury quakes won't set it back more than $7.2m; Share price falls as its investors wary 2010/11 quake hangover remains
More...
14 Sep 16, 11:47am
Tower upsets a reinsurer by allegedly catching it 'off-guard' in its haste to secure desperately needed cash
More...
8 Sep 16, 11:51am
Tower braces for $16.2m drop in net profit as Deloitte tells it to hike its Canterbury quake provisions due to it spending more on litigation and over-cap EQC claims; Share price hits 12-year low
More...