Tower Insurance - Latest News [Page 1]

Tower Reaches Agreement For Club Marine Boat Customers

Thursday, 3 December 2020, 9:36 am | Tower Insurance

Kiwi insurer, Tower, today announced it has secured a referral agreement for Club Marine’s Pleasure Craft Insurance customers, with the potential of adding another 15,000 risks and $8m in Gross Written Premiums to Tower’s business. Under the agreement, ... More >>

Digital And Data Delivers Strong Customer And Profit Growth For Tower

Wednesday, 25 November 2020, 8:50 am | Tower Insurance

Kiwi insurer Tower Limited (NZX/ASX:TWR) today announced underlying profit excluding large events increased 23% on the prior year to $34.7m, underlying profit including large events increased 3% on the prior year to $28.4 million, passing the top end ... More >>

Tower And EQC Reach Settlement

Tuesday, 24 November 2020, 2:16 pm | Tower Insurance

Tower Limited (NZX/ASX: TWR) today announced that it has entered into a settlement agreement with the Earthquake Commission (EQC) regarding an outstanding receivable resulting from the Canterbury Earthquakes. Under the settlement agreement Tower will ... More >>

Tower Supports New Way Of Working With EQC

Monday, 2 November 2020, 2:56 pm | Tower Insurance

Blair Turnbull, Tower Insurance’s Chief Executive Officer, welcomes the announcement that private insurers will be working with EQC to deliver better outcomes for customers after natural disaster events. "There is no doubt that the Christchurch Earthquakes ... More >>

Tower Supports Climate Risk Reporting

Tuesday, 15 September 2020, 4:20 pm | Tower Insurance

Blair Turnbull, Tower Insurance’s Chief Executive Officer, welcomes today’s announcement on mandatory reporting of climate-related financial disclosures and said that the company would look to develop its reporting criteria to introduce this ... More >>

Tower Delivers Solid First-half Performance

Friday, 29 May 2020, 9:00 am | Tower Insurance

Kiwi insurer, Tower Limited (NZX / ASX: TWR), has today announced a half year profit of $14.9 million after tax, a $3 million improvement on the same period last year. - Solid growth and first-half performance Continued growth through digital channels ... More >>

New Tower CEO Announced

Monday, 4 May 2020, 8:47 am | Tower Insurance

Tower Insurance has today announced the appointment of New Zealander, Blair Turnbull as Chief Executive Officer, subject to completion of the regulatory approvals process. Mr Turnbull was most recently Managing Director, UK Digital, UK & International ... More >>

Tower Commits To Refunding COVID-19 Claims Savings At End Of May

Monday, 20 April 2020, 7:44 am | Tower Insurance

Tower Insurance confirms it will pass on any savings it makes due to COVID-19 with refunds for car insurance customers to be made by the end of May 2020. CEO of Tower Insurance, Richard Harding, says that the company will not profit from COVID-19 and ... More >>

Tower Introduces Hardship Measures To Support Customers During COVID-19

Wednesday, 1 April 2020, 9:15 am | Tower Insurance

Tower recognises the challenging and extraordinary times facing everyone in New Zealand, the Pacific Islands and around the globe. Our thoughts are with all of those impacted by COVID-19 and we acknowledge and thank those on the front line who are ... More >>

Tower Insurance takes EQC to court over building claims

Monday, 30 March 2020, 9:24 am | Tower Insurance

Tower Insurance (Tower) today advised it has lodged formal proceedings against the EQC for the recovery of money owed to Tower for rectifying building issues on EQC’s behalf. More >>

Tower Identifies And Fixes Issue Relating To Fee Disclosure

Friday, 13 March 2020, 1:46 pm | Tower Insurance

Tower Insurance today advised it has identified, resolved and self-reported an issue relating to the disclosure of fees for some customers. As part of Tower’s conduct and culture review, an error was identified in the way fees were disclosed to customers ... More >>

Tower delivers full year profit on the back of solid growth

Wednesday, 20 November 2019, 8:43 am | Tower Insurance

Kiwi insurer, Tower Limited (NZX/ASX:TWR), has today announced a full year profit of $16.8 million after tax, a $23.5 million improvement on the same period last year. More >>

Tower welcomes new financial conduct regime

Wednesday, 25 September 2019, 3:31 pm | Tower Insurance

Tower welcomes the government’s announcement today to regulate financial conduct and create fairer outcomes for customers of all insurers. More >>

Moving toward a better, fairer insurance industry

Tuesday, 9 July 2019, 10:01 am | Tower Insurance

Kiwi insurer Tower has today announced its commitment to remove the duty of disclosure from its sales and claims processes before the end of the year. More >>

Tower funds Fijian “ecovillage” to build climate resilience

Wednesday, 19 June 2019, 10:13 am | Tower Insurance

Tower Insurance has agreed to fund the creation of a pilot “ecovillage” in Fiji that it hopes will help villagers prepare for climate change and lead more sustainable lives, there and across the Pacific. The insurer is partnering with GENOA (Global ... More >>

Tower appoints Shine and MBM following competitive pitch

Tuesday, 28 May 2019, 2:36 pm | Tower Insurance

Kiwi insurer Tower has announced the appointment of Shine as their strategic and creative communications agency, partnering with MBM for media planning and services. The appointment follows a competitive pitch process. More >>

Tower returns to profit

Tuesday, 21 May 2019, 9:38 am | Tower Insurance

Tower returns to profit - FY19 guidance for underlying NPAT uplifted to in excess of $26m More >>

Junior NZ weightlifter places first and welcomes new sponsor

Thursday, 9 May 2019, 10:53 am | Tower Insurance

New Zealand Junior Weightlifting Champion, Kanah Andrews-Nahu beat out international competition to win the Women’s 76kg category at the Arafura Games in Darwin. Not only placing first, Andrews-Nahu also broke three New Zealand records and three Oceania ... More >>

70% of people think Tower's new insurance pricing is fair

Tuesday, 8 January 2019, 3:12 pm | Tower Insurance

A recent survey by Tower Insurance showed that 70% of people across New Zealand believe that risk-based pricing is a fair way to pay for insurance. More >>

Strong growth narrows Tower’s loss

Wednesday, 28 November 2018, 8:48 am | Tower Insurance

Tower Limited (NZX/ASX:TWR) has today announced continued strong growth and improvement of sales through digital channels, a declining expense ratio, and positive progress through a major technology upgrade, demonstrating that the transformation of the ... More >>