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Tower

RBNZ and FMA to review governance across 32 financial service providers against a backdrop of growing concern about board governance and risk compliance
8th Dec 21, 9:20am
RBNZ and FMA to review governance across 32 financial service providers against a backdrop of growing concern about board governance and risk compliance
Tower customers can expect premium changes, as the insurer uses more detailed modelling to price flood risk
10th Nov 21, 5:00am
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Tower customers can expect premium changes, as the insurer uses more detailed modelling to price flood risk
The RBNZ says its first stress testing of general insurers shows how important the international reinsurance market is to New Zealand
28th Oct 21, 8:06am
2
The RBNZ says its first stress testing of general insurers shows how important the international reinsurance market is to New Zealand
Tower upbeat despite fall in half-year profit and reduced annual profit guidance
26th May 21, 9:40am
Tower upbeat despite fall in half-year profit and reduced annual profit guidance
Both IAG and Tower have followed Suncorp in reaching the end of long-running disputes with the Earthquake Commission (EQC) relating to the apportioning of costs between the state and private insurers relating to the Canterbury earthquakes
24th Nov 20, 3:21pm
2
Both IAG and Tower have followed Suncorp in reaching the end of long-running disputes with the Earthquake Commission (EQC) relating to the apportioning of costs between the state and private insurers relating to the Canterbury earthquakes
A look at the 'broken' system that's seen the RBNZ force Tower to find more capital, as insurers continue to chase EQC for hundreds of millions of dollars 9 years after the Canterbury quakes 
21st Nov 19, 1:13pm
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A look at the 'broken' system that's seen the RBNZ force Tower to find more capital, as insurers continue to chase EQC for hundreds of millions of dollars 9 years after the Canterbury quakes 
Tower says it has a deal to pay $13 million for the 34,000 policies issued by Youi in this country; Tower to raise $47 million to pay for purchase and to boost its own solvency position
24th Sep 19, 8:52am
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Tower says it has a deal to pay $13 million for the 34,000 policies issued by Youi in this country; Tower to raise $47 million to pay for purchase and to boost its own solvency position
IAG and Suncorp see premium hikes being more subdued in 2020, with major repricing seen in 2019 contributing to them increasing their profits by 69% and 116% respectively 
20th Aug 19, 7:49am
10
IAG and Suncorp see premium hikes being more subdued in 2020, with major repricing seen in 2019 contributing to them increasing their profits by 69% and 116% respectively 
Tower gets ahead of regulatory curve by committing to taking a more consumer-friendly approach towards disclosure; IAG begs the Government not to make it go this far
11th Jul 19, 7:22am
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Tower gets ahead of regulatory curve by committing to taking a more consumer-friendly approach towards disclosure; IAG begs the Government not to make it go this far
Would insurers be this risk-adverse had the country's competition watchdog prevented the market from becoming so concentrated? The just-exited ComCom Chairman believes they would
8th Jun 19, 9:31am
5
Would insurers be this risk-adverse had the country's competition watchdog prevented the market from becoming so concentrated? The just-exited ComCom Chairman believes they would
Insurer Tower returns to profit as fewer storms and reduced exposure to risky places see it pay a low $45 in claims for every $100 received in premiums
22nd May 19, 6:50am
2
Insurer Tower returns to profit as fewer storms and reduced exposure to risky places see it pay a low $45 in claims for every $100 received in premiums
Insurers warn apartment owners risk being left high and dry in the event of a quake, as anecdotes of cash-strapped body corporates ditching their cover emerge
18th May 19, 9:31am
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Insurers warn apartment owners risk being left high and dry in the event of a quake, as anecdotes of cash-strapped body corporates ditching their cover emerge
Commerce and Consumer Affairs Minister Kris Faafoi tells insurers to communicate price and policy changes more clearly, but won't force them to ensure insurance remains accessible 
12th Mar 19, 2:59pm
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Commerce and Consumer Affairs Minister Kris Faafoi tells insurers to communicate price and policy changes more clearly, but won't force them to ensure insurance remains accessible 
IAG pulls back from providing contents insurance to new customers in Wellington in further move to more risk-based pricing
11th Mar 19, 4:05pm
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IAG pulls back from providing contents insurance to new customers in Wellington in further move to more risk-based pricing
CPI data shows kiwis' grumbles over hefty insurance premium hikes are justified
17th Jul 18, 3:43pm
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CPI data shows kiwis' grumbles over hefty insurance premium hikes are justified
Public wrongly lead to believe that 97% of Tower's customers will receive home insurance premium decreases due to new quake risk-based pricing changes, Jenée Tibshraeny says
22nd Jun 18, 3:43pm
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Public wrongly lead to believe that 97% of Tower's customers will receive home insurance premium decreases due to new quake risk-based pricing changes, Jenée Tibshraeny says
Tower widens half-year loss off the back of storms and disappointing settlement with reinsurer; Risk-based pricing gets underway
29th May 18, 12:56pm
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Tower widens half-year loss off the back of storms and disappointing settlement with reinsurer; Risk-based pricing gets underway
Question marks remain over the extent to which further insurance premium hikes flagged for more disaster-prone parts of the country will be offset by decreases in lower risk places
6th Apr 18, 12:37pm
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Question marks remain over the extent to which further insurance premium hikes flagged for more disaster-prone parts of the country will be offset by decreases in lower risk places
Commerce Commission decision sees Vero sell its Tower shares to Bain Capital Credit for less than it bought them for
8th Mar 18, 12:38pm
1
Commerce Commission decision sees Vero sell its Tower shares to Bain Capital Credit for less than it bought them for
Jenée Tibshraeny looks at where Tower's at - three months after completing a capital raise and nearly a year after taking out a $30m bank loan to boost its solvency 
5th Mar 18, 7:04am
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Jenée Tibshraeny looks at where Tower's at - three months after completing a capital raise and nearly a year after taking out a $30m bank loan to boost its solvency 
Tower settles dispute with Peak Re; Agreement for it to receive half the reinsurance it was after will see its profit take a $15.2 million hit after tax
1st Mar 18, 7:18am
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Tower settles dispute with Peak Re; Agreement for it to receive half the reinsurance it was after will see its profit take a $15.2 million hit after tax
Government to appoint an independent ministerial adviser to help EQC settle claims more quickly
23rd Feb 18, 3:07pm
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Government to appoint an independent ministerial adviser to help EQC settle claims more quickly
Tower's falling share price sees Suncorp's half-year investment income take a $12m hit; Suncorp 'expects to address' its near 20% shareholding in Tower this year
15th Feb 18, 5:02pm
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Tower's falling share price sees Suncorp's half-year investment income take a $12m hit; Suncorp 'expects to address' its near 20% shareholding in Tower this year
Insuring your car with one insurer over another could cost you twice as much. But would this see you get more bang for your buck? Jenée Tibshraeny investigates  
9th Feb 18, 6:02am
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Insuring your car with one insurer over another could cost you twice as much. But would this see you get more bang for your buck? Jenée Tibshraeny investigates  
Interest.co.nz got a bunch of car insurance quotes in January 2016. We then got quotes for the same profiles in January this year. Here's what happened to premiums 
8th Feb 18, 9:33am
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Interest.co.nz got a bunch of car insurance quotes in January 2016. We then got quotes for the same profiles in January this year. Here's what happened to premiums