Tower

23 Aug 17, 9:14am
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
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17 Aug 17, 1:27pm
A.M. Best warns Tower's credit rating could be downgraded if it doesn't improve its capital position
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8 Aug 17, 1:44pm
What the Commerce Commission's ruling on the Vero/Tower merger reveals about the state of New Zealand's insurance oligopoly more broadly
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2 Aug 17, 1:46pm
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
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26 Jul 17, 4:06pm
The Commerce Commission said yes to IAG, but no to Vero - Jenée Tibshraney asks its chairman why
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26 Jul 17, 8:26am
Commerce Commission prevents New Zealand's insurance duopoly from getting stronger by declining Vero's bid to buy Tower; Tower's share price tumbles
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25 Jul 17, 8:31am
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
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29 Jun 17, 3:37pm
Fairfax Financial Holdings leaves Aussie insurer to bid for an even larger share of the New Zealand insurance market
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27 Jun 17, 3:42pm
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
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26 Jun 17, 3:27pm
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
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26 Jun 17, 9:37am
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
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31 May 17, 1:53pm
RBNZ notes insurers are lowering their solvency margins, with some leaning more heavily on their shareholders in times of crisis
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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
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30 Mar 17, 3:53pm
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
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29 Mar 17, 11:19am
When and under what conditions different insurance companies will provide cover for meth contamination to your home or rental property 
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14 Mar 17, 3:08pm
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
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6 Mar 17, 5:16pm
Suncorp confirms it's transferring 'a number' of New Zealand admin jobs to its 'strategic partners in Asia'
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3 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
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2 Mar 17, 1:19pm
Suncorp attempts to win over Tower shareholders in its takeover battle with 'escalation payment' agreements
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22 Feb 17, 9:48am
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
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