Tower Insurance
Tower chair say Government levies and taxes are ‘adding significant cost and complexity’ to insurance premiums as the insurer reports ‘constrained’ gross written premium growth
Tower chair say Government levies and taxes are ‘adding significant cost and complexity’ to insurance premiums as the insurer reports ‘constrained’ gross written premium growth
Outgoing Tower chairman Michael Stiassny says NZ has had ‘multiple wake up calls’ and while some progress has been made to address the impacts of extreme weather events, ‘it has been haphazard, inadequate and painfully slow'
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Outgoing Tower chairman Michael Stiassny says NZ has had ‘multiple wake up calls’ and while some progress has been made to address the impacts of extreme weather events, ‘it has been haphazard, inadequate and painfully slow'
Tower Insurance to pay $7 million penalty after the FMA says it used advertised multi-policy discounts to attract and keep customers but did not have ‘systems that could reliably deliver on the promised discount’
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Tower Insurance to pay $7 million penalty after the FMA says it used advertised multi-policy discounts to attract and keep customers but did not have ‘systems that could reliably deliver on the promised discount’
Tower launches Rainfall Response Cover in Fiji, expanding the insurer’s parametric cover as it also mulls a parametric offering in NZ
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Tower launches Rainfall Response Cover in Fiji, expanding the insurer’s parametric cover as it also mulls a parametric offering in NZ
Tower replacing IAG NZ as Westpac NZ’s general insurance partner ‘strategically important’ in the long-term, Forsyth Barr analysts say
Tower replacing IAG NZ as Westpac NZ’s general insurance partner ‘strategically important’ in the long-term, Forsyth Barr analysts say
Westpac NZ ends insurance partnership with IAG NZ as bank switches to Tower Insurance which will become its underwriter for general insurance products
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Westpac NZ ends insurance partnership with IAG NZ as bank switches to Tower Insurance which will become its underwriter for general insurance products
General insurer Tower secures reinsurance programme for 2026 providing 'greater certainty around future reinsurance costs and catastrophe excesses', its chief executive says
General insurer Tower secures reinsurance programme for 2026 providing 'greater certainty around future reinsurance costs and catastrophe excesses', its chief executive says
General insurer Tower lifts annual profit guidance to up to $110m, if large insurance event costs remain low
General insurer Tower lifts annual profit guidance to up to $110m, if large insurance event costs remain low
General insurer Tower extends risk-based pricing to landslides and sea surges meaning rising premiums for some customers
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General insurer Tower extends risk-based pricing to landslides and sea surges meaning rising premiums for some customers
Tower’s risk-based pricing is the general insurer’s ‘most defensible competitive edge’ as investment firm Forsyth Barr forecasts underlying profit of $94m for FY25
Tower’s risk-based pricing is the general insurer’s ‘most defensible competitive edge’ as investment firm Forsyth Barr forecasts underlying profit of $94m for FY25
General insurer Tower to discontinue multi-policy discounts as chief executive Paul Johnston says risk remains that customers might not receive correct discounts
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General insurer Tower to discontinue multi-policy discounts as chief executive Paul Johnston says risk remains that customers might not receive correct discounts
[updated]
Five-year average cost of natural disasters in NZ $952 million, pace of growth for insurance premiums slows as sector enters 'softening' phase - Forsyth Barr
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Five-year average cost of natural disasters in NZ $952 million, pace of growth for insurance premiums slows as sector enters 'softening' phase - Forsyth Barr
[updated]
Tower's Michael Stiassny says putting a final limit on Canterbury earthquake claims is about 'putting a stop to the peripheral industry that has created a self-perpetuating gravy train'
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Tower's Michael Stiassny says putting a final limit on Canterbury earthquake claims is about 'putting a stop to the peripheral industry that has created a self-perpetuating gravy train'
Forsyth Barr analysts highlight ‘tempered outlook’ for Tower after the insurer raises annual profit expectations but lowers premium growth guidance again
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Forsyth Barr analysts highlight ‘tempered outlook’ for Tower after the insurer raises annual profit expectations but lowers premium growth guidance again
[updated]
Tower sees higher annual profit, lower gross written premium growth and bemoans ongoing Canterbury earthquake costs
Tower sees higher annual profit, lower gross written premium growth and bemoans ongoing Canterbury earthquake costs