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Tower

EQC Act reform to see private insurers receive claims on behalf of EQC; Private insurers urge Government to go all the way and let them assess and settle claims too
26th Jun 17, 3:27pm
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EQC Act reform to see private insurers receive claims on behalf of EQC; Private insurers urge Government to go all the way and let them assess and settle claims too
Jenée Tibshraeny questions whether Vero is being conniving or business savvy trying to prevent the competition watchdog from airing its concerns about the insurer's bid to buy Tower; Meanwhile Tower enters trading halt as it considers higher bid from Vero
26th Jun 17, 9:37am
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Jenée Tibshraeny questions whether Vero is being conniving or business savvy trying to prevent the competition watchdog from airing its concerns about the insurer's bid to buy Tower; Meanwhile Tower enters trading halt as it considers higher bid from Vero
RBNZ notes insurers are lowering their solvency margins, with some leaning more heavily on their shareholders in times of crisis
31st May 17, 1:53pm
RBNZ notes insurers are lowering their solvency margins, with some leaning more heavily on their shareholders in times of crisis
Tower gets $30 million cash advance from BNZ as quake costs see it only $5 million away from breaching the RBNZ solvency requirements
24th May 17, 2:53pm
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Tower gets $30 million cash advance from BNZ as quake costs see it only $5 million away from breaching the RBNZ solvency requirements
Michael Stiassny says bidders eyeing a Tower takeover will need to pay at least $1.40 per share; Says the Board's considering a capital raising
30th Mar 17, 3:53pm
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Michael Stiassny says bidders eyeing a Tower takeover will need to pay at least $1.40 per share; Says the Board's considering a capital raising
When and under what conditions different insurance companies will provide cover for meth contamination to your home or rental property 
29th Mar 17, 11:19am
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When and under what conditions different insurance companies will provide cover for meth contamination to your home or rental property 
Vero agrees to pay 10 cents more per share in $15.8 million deal to increase its stake in Tower to nearly 20%; Move could bump up Vero's offer in takeover bid
14th Mar 17, 3:08pm
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Vero agrees to pay 10 cents more per share in $15.8 million deal to increase its stake in Tower to nearly 20%; Move could bump up Vero's offer in takeover bid
Suncorp confirms it's transferring 'a number' of New Zealand admin jobs to its 'strategic partners in Asia'
6th Mar 17, 5:16pm
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Suncorp confirms it's transferring 'a number' of New Zealand admin jobs to its 'strategic partners in Asia'
Suncorp argues if the ComCom allowed IAG to acquire AMI and Lumley, it's only fair it approves its application to take over Tower
3rd Mar 17, 1:05pm
Suncorp argues if the ComCom allowed IAG to acquire AMI and Lumley, it's only fair it approves its application to take over Tower
Suncorp attempts to win over Tower shareholders in its takeover battle with 'escalation payment' agreements
2nd Mar 17, 1:19pm
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Suncorp attempts to win over Tower shareholders in its takeover battle with 'escalation payment' agreements
New Zealand's second largest general insurer aims to increase its market share to 30%, offering to pay more than 'Canada's Berkshire Hathaway' to buy Tower
22nd Feb 17, 9:48am
5
New Zealand's second largest general insurer aims to increase its market share to 30%, offering to pay more than 'Canada's Berkshire Hathaway' to buy Tower
Insurance lawyer calls for playing field to be leveled in NZ so insurers suffer the same consequences as their customers if they tell porkies
22nd Feb 17, 7:57am
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Insurance lawyer calls for playing field to be leveled in NZ so insurers suffer the same consequences as their customers if they tell porkies
Cameron Preston crunches the numbers to explore whether it is Tower or NZ's insurance system that is 'broken'
18th Feb 17, 7:30am
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Cameron Preston crunches the numbers to explore whether it is Tower or NZ's insurance system that is 'broken'
A.M. Best places Tower's credit rating under review pending its sale to Fairfax Financial Holdings; Says it will consider the extent of Fairfax’s 'financial support' to determine a rating
17th Feb 17, 1:58pm
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A.M. Best places Tower's credit rating under review pending its sale to Fairfax Financial Holdings; Says it will consider the extent of Fairfax’s 'financial support' to determine a rating
Tower Chairman says the company would have a higher sale price if the EQC system wasn't 'broken'; Government says the law has nothing to do with the risk the insurer takes on
13th Feb 17, 12:19pm
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Tower Chairman says the company would have a higher sale price if the EQC system wasn't 'broken'; Government says the law has nothing to do with the risk the insurer takes on
Tower board, major shareholders back $197 million takeover bid from Canada's Fairfax Financial Holdings; Tower's share price rises as trading resumes
9th Feb 17, 1:07pm
Tower board, major shareholders back $197 million takeover bid from Canada's Fairfax Financial Holdings; Tower's share price rises as trading resumes
Tower shares in trading halt ahead of 'announcement'; Reports the insurer has received a take-private proposal from Fairfax Financial Holdings
9th Feb 17, 11:26am
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Tower shares in trading halt ahead of 'announcement'; Reports the insurer has received a take-private proposal from Fairfax Financial Holdings
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
6th Feb 17, 7:37am
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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
How EQC has avoided being stung by rising land values; Cameron Preston has the back story to the legal action IAG and Tower have launched against EQC
28th Jan 17, 8:21am
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How EQC has avoided being stung by rising land values; Cameron Preston has the back story to the legal action IAG and Tower have launched against EQC
IAG and Tower demand EQC coughs up the cash, having allegedly short-changed thousands of Canterbury quake claimants with land damage
26th Jan 17, 1:32pm
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IAG and Tower demand EQC coughs up the cash, having allegedly short-changed thousands of Canterbury quake claimants with land damage
EQC's 'unaccountable actions' see Christchurch woman 'wrongly' accused of fraud and left uninsurable, says Andrew Hooker
11th Jan 17, 4:29pm
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EQC's 'unaccountable actions' see Christchurch woman 'wrongly' accused of fraud and left uninsurable, says Andrew Hooker
Agreement reached to see private insurers receive, assess and settle Kaikoura quake claims on behalf of EQC
13th Dec 16, 2:40pm
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Agreement reached to see private insurers receive, assess and settle Kaikoura quake claims on behalf of EQC
Judge orders Tower to pay quake claimant more than 4 times settlement offer; Finds insurer guilty of withholding information
12th Dec 16, 10:00am
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Judge orders Tower to pay quake claimant more than 4 times settlement offer; Finds insurer guilty of withholding information
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'
6th Dec 16, 10:02am
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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'
Insurance lawyer bites back at Tower chairman for slagging the litigation industry, he claims 'sprung up to agitate disenfranchised customers to demand not just fair resolution, but a windfall'
6th Dec 16, 5:02am
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Insurance lawyer bites back at Tower chairman for slagging the litigation industry, he claims 'sprung up to agitate disenfranchised customers to demand not just fair resolution, but a windfall'