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Vero

Tower supports Vero as it challenges the Commerce Commission's decision to prevent the insurers from merging; Tower to push on with plans to raise capital
23rd Aug 17, 9:14am
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Tower supports Vero as it challenges the Commerce Commission's decision to prevent the insurers from merging; Tower to push on with plans to raise capital
A.M. Best warns Tower's credit rating could be downgraded if it doesn't improve its capital position
17th Aug 17, 1:27pm
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A.M. Best warns Tower's credit rating could be downgraded if it doesn't improve its capital position
What the Commerce Commission's ruling on the Vero/Tower merger reveals about the state of New Zealand's insurance oligopoly more broadly
8th Aug 17, 1:44pm
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What the Commerce Commission's ruling on the Vero/Tower merger reveals about the state of New Zealand's insurance oligopoly more broadly
Expensive car repair, building and Kaikoura quake costs prompt Suncorp to flag premium increases in its annual results 
4th Aug 17, 3:14pm
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Expensive car repair, building and Kaikoura quake costs prompt Suncorp to flag premium increases in its annual results 
Jenée Tibshraeny looks at reports from Forsyth Barr and Macquarie analysts to consider what the future holds for Tower in the absence of a takeover by Vero
2nd Aug 17, 1:46pm
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Jenée Tibshraeny looks at reports from Forsyth Barr and Macquarie analysts to consider what the future holds for Tower in the absence of a takeover by Vero
How longer term insurance policies could prevent mortgage defaults in the future
31st Jul 17, 12:05pm
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How longer term insurance policies could prevent mortgage defaults in the future
The Commerce Commission said yes to IAG, but no to Vero - Jenée Tibshraney asks its chairman why
26th Jul 17, 4:06pm
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The Commerce Commission said yes to IAG, but no to Vero - Jenée Tibshraney asks its chairman why
Commerce Commission prevents New Zealand's insurance duopoly from getting stronger by declining Vero's bid to buy Tower; Tower's share price tumbles
26th Jul 17, 8:26am
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Commerce Commission prevents New Zealand's insurance duopoly from getting stronger by declining Vero's bid to buy Tower; Tower's share price tumbles
Revealed: The Commerce Commission is investigating Vero for buying 19.99% of Tower's shares separately to it considering Vero's bid to take over the insurer
25th Jul 17, 8:31am
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Revealed: The Commerce Commission is investigating Vero for buying 19.99% of Tower's shares separately to it considering Vero's bid to take over the insurer
Fairfax Financial Holdings leaves Aussie insurer to bid for an even larger share of the New Zealand insurance market
29th Jun 17, 3:37pm
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Fairfax Financial Holdings leaves Aussie insurer to bid for an even larger share of the New Zealand insurance market
Suncorp's Vero to buy all of Tower's shares for $1.40 each pending shareholder and regulatory approval; Canadian giant outbid in battle for struggling insurer
27th Jun 17, 3:42pm
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Suncorp's Vero to buy all of Tower's shares for $1.40 each pending shareholder and regulatory approval; Canadian giant outbid in battle for struggling insurer
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
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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
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
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
RBNZ concerned insurers risk eroding their solvency buffers and reducing their flexibility to manage a crisis if they keep dishing out large dividends
9th Dec 16, 12:24pm
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RBNZ concerned insurers risk eroding their solvency buffers and reducing their flexibility to manage a crisis if they keep dishing out large dividends
Supreme Court backs Vero in landmark property damage case; Rules you can't reopen an insurance claim once it has been settled
6th Dec 16, 3:05pm
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Supreme Court backs Vero in landmark property damage case; Rules you can't reopen an insurance claim once it has been settled