Latest news and media

FinTel refund

October 18 2017
In March 2016 Tower reported an error in calculating multi-policy discounts. Following this, steps were immediately taken to correct the error, with affected customers notified and offered a refund.

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Suncorp reaches 19.99% threshold

15 March 2017
Tower Limited (NZX/ASX: TWR) understands that Suncorp Group Limited's stake in Tower has now reached 19.99% of shares for which it has paid $1.40 per share to date. 

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Tower receives non-binding proposal from Vero for 100 % 

22 February 2017
Further to its earlier announcement, Tower Limited (NZX/ASX: TWR) confirms that it has now received a non-binding indicative proposal from Suncorp Group Limited (ASX: SUN).

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Tower notes Suncorp unsolicited off-market share offer

22 February 2017
Tower Limited (NZX/ASX: TWR) understands that Suncorp Group Limited and affiliated companies (ASX: SUN) acting through UBS, have approached shareholders seeking to initially buy up to a 19.99% stake in Tower at a fixed price of NZ$1.30 per share, with a view to escalating the offer to 100% of all shares.

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November 14 Earthquake

14 November 2016
Tower is closely monitoring the impacts of this morning's earthquake and hopes people are safe and impacts are minimal in the region.

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Media Statement - Tower refunding 23,000 customers

29 September 2016
Tower this week advised some of our customers that they will be receiving a refund after identifying an error in calculating their multi-policy discount.

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New partnership between Tower Insurance and Air New Zealand Airpoints

8 September 2016
Tower Insurance is pleased to join the Air New Zealand AirpointsTM programme.

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Tower warns of potential 'low ball' share offers

16 August 2016
Tower Chairman Michael Stiassny is warning shareholders to be aware of potential ‘low ball’ share offers,

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