Tower

17th Feb 17, 1:58pm
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
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
13th Feb 17, 12:19pm
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 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
[Updated]
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
[Updated]
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
[Updated]
9th Feb 17, 11:26am
Tower shares in trading halt ahead of 'announcement'; Reports the insurer has received a take-private proposal from Fairfax Financial Holdings
[Updated]
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
[Updated]
6th Feb 17, 7:37am
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
[Updated]
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
28th Jan 17, 8:21am
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
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
[Updated]
26th Jan 17, 1:32pm
IAG and Tower demand EQC coughs up the cash, having allegedly short-changed thousands of Canterbury quake claimants with land damage
[Updated]
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
11th Jan 17, 4:29pm
EQC's 'unaccountable actions' see Christchurch woman 'wrongly' accused of fraud and left uninsurable, says Andrew Hooker
EQC's 'unaccountable actions' see Christchurch woman 'wrongly' accused of fraud and left uninsurable, says Andrew Hooker
11th Jan 17, 4:29pm
[Updated]
13th Dec 16, 2:40pm
Agreement reached to see private insurers receive, assess and settle Kaikoura quake claims on behalf of EQC
[Updated]
Agreement reached to see private insurers receive, assess and settle Kaikoura quake claims on behalf of EQC
13th Dec 16, 2:40pm
12th Dec 16, 10:00am
Judge orders Tower to pay quake claimant more than 4 times settlement offer; Finds insurer guilty of withholding information
Judge orders Tower to pay quake claimant more than 4 times settlement offer; Finds insurer guilty of withholding information
12th Dec 16, 10:00am
6th Dec 16, 10:02am
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'
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
6th Dec 16, 5:02am
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'
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
[Updated]
29th Nov 16, 9:51am
Tower announces plan to ring fence troublesome quake claims; says industry model is 'broken'; widens loss to $21.5 million; share price at record low
[Updated]
Tower announces plan to ring fence troublesome quake claims; says industry model is 'broken'; widens loss to $21.5 million; share price at record low
29th Nov 16, 9:51am
[Updated]
15th Nov 16, 12:51pm
Tower confident it has enough reinsurance so the North Canterbury quakes won't set it back more than $7.2m; Share price falls as its investors wary 2010/11 quake hangover remains
[Updated]
Tower confident it has enough reinsurance so the North Canterbury quakes won't set it back more than $7.2m; Share price falls as its investors wary 2010/11 quake hangover remains
15th Nov 16, 12:51pm
19th Oct 16, 10:29am
QC urges High Court judge to put an end to insurers’ 'tactics of delay and dissembling facts' to force their clients to accept lower payouts
QC urges High Court judge to put an end to insurers’ 'tactics of delay and dissembling facts' to force their clients to accept lower payouts
19th Oct 16, 10:29am
[Updated]
29th Sep 16, 12:53pm
Commerce Commission investigates Tower as the insurer refunds 23,000 customers after incorrectly calculating their multi-policy discounts
[Updated]
Commerce Commission investigates Tower as the insurer refunds 23,000 customers after incorrectly calculating their multi-policy discounts
29th Sep 16, 12:53pm
23rd Sep 16, 12:58pm
Jen​ée Tibshraeny on the Singapore sling, a challenge for Paul Goldsmith, house flipping, a possible future PM, Indian students and more
Jen​ée Tibshraeny on the Singapore sling, a challenge for Paul Goldsmith, house flipping, a possible future PM, Indian students and more
23rd Sep 16, 12:58pm
14th Sep 16, 11:47am
Tower upsets a reinsurer by allegedly catching it 'off-guard' in its haste to secure desperately needed cash
Tower upsets a reinsurer by allegedly catching it 'off-guard' in its haste to secure desperately needed cash
14th Sep 16, 11:47am
12th Sep 16, 5:02am
by Guest
Cameron Preston weighs up how the government, insurance companies and homeowners have fared in the Canterbury rebuild boxing ring
Cameron Preston weighs up how the government, insurance companies and homeowners have fared in the Canterbury rebuild boxing ring
12th Sep 16, 5:02am
[Updated]
8th Sep 16, 11:51am
Tower braces for $16.2m drop in net profit as Deloitte tells it to hike its Canterbury quake provisions due to it spending more on litigation and over-cap EQC claims; Share price hits 12-year low
[Updated]
Tower braces for $16.2m drop in net profit as Deloitte tells it to hike its Canterbury quake provisions due to it spending more on litigation and over-cap EQC claims; Share price hits 12-year low
8th Sep 16, 11:51am
1st Sep 16, 7:47am
Christchurch architect takes Tower to court over offer to winch four-storey earthquake-damaged house uphill, rather than pay $2m to rebuild it
Christchurch architect takes Tower to court over offer to winch four-storey earthquake-damaged house uphill, rather than pay $2m to rebuild it
1st Sep 16, 7:47am
24th Aug 16, 4:09pm
NZ's 2nd largest health insurer, nib, struggles to maintain solid rate of policyholder growth after OnePath acquisition and signing Warehouse Money white labelling deal
NZ's 2nd largest health insurer, nib, struggles to maintain solid rate of policyholder growth after OnePath acquisition and signing Warehouse Money white labelling deal
24th Aug 16, 4:09pm
5th Aug 16, 3:29pm
Suncorp still has reinsurance available to cover its February 2011 Canterbury earthquake costs, unlike its competitors
Suncorp still has reinsurance available to cover its February 2011 Canterbury earthquake costs, unlike its competitors
5th Aug 16, 3:29pm
[Updated]
26th Jul 16, 9:48am
The Medical Insurance Society calls on cash from its parent, as it exhausts reinsurance cover for the February 2011 Canterbury earthquake, and is left to foot nearly a quarter of the bill on its own
[Updated]
The Medical Insurance Society calls on cash from its parent, as it exhausts reinsurance cover for the February 2011 Canterbury earthquake, and is left to foot nearly a quarter of the bill on its own
26th Jul 16, 9:48am
[Updated]
19th Jul 16, 9:43am
Tower's CFO resigns; Ratings agency red flags concerns over the company's 'financial profile deteriorating' as its reinsurance for the Feb 2011 Canterbury quake runs dry and it's left to fend for itself
[Updated]
Tower's CFO resigns; Ratings agency red flags concerns over the company's 'financial profile deteriorating' as its reinsurance for the Feb 2011 Canterbury quake runs dry and it's left to fend for itself
19th Jul 16, 9:43am

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