Latest news and media

For all media enquiries please contact:

Nicholas Meseldzija
Head of Corporate Communications 
09 369 2233

Digital and data delivers strong customer and profit growth for Tower

25 November 2020

Kiwi insurer Tower Limited (NZX/ASX:TWR) today announced underlying profit excluding large events increased 23% on the prior year to $34.7m...

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Tower supports new way of working with EQC

2 November 2020

Blair Turnbull, Tower Insurance’s Chief Executive Officer, welcomes the announcement that private insurers will be working with EQC...

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Tower Corporate Structure Update

21 September 2020

Tower Limited (NZX/ASX: TWR) confirms that the short-form amalgamation of Tower Limited, Tower Financial Services Group Limited and Tower New Zealand Limited down into Tower Insurance Limited has been approved by the Reserve Bank of New Zealand

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Tower supports climate risk reporting

15 September 2020

Blair Turnbull, Tower Insurance’s Chief Executive Officer, welcomes today’s announcement on mandatory reporting of climate-related financial disclosures...

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Tower gives back $7.2m to customers

5 June 2020

Kiwi insurer, Tower, has today confirmed that it will be refunding customers $7.2m, due to the lower cost of car claims during the COVID-19 lockdown period.

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Tower Corporate Structure Update

4 June 2020

Tower Limited (NZX/ASX: TWR) intends to simplify its corporate structure to make Tower Insurance Limited the listed parent company of the Tower Group, subject to regulatory approval.

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New Tower CEO announced

4 May 2020

Tower Insurance has today announced the appointment of New Zealander, Blair Turnbull as Chief Executive Officer, subject to completion of the regulatory approvals process.

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Tower commits to refunding COVID-19 claims savings at end of May

20 April 2020

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.

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Tower introduces hardship measures to support customers during COVID-19

31 March 2020
Tower introduces hardship measures to support customers during COVID-19.

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Tower insurance takes EQC to court over building claims

30 March 2020
Tower has lodged formal proceedings against the EQC for the recovery of money owed to Tower for rectifying building issues on EQC’s behalf.

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Tower identifies and fixes issue relating to fee disclosure

13 March 2020
Tower Insurance today advised it has identified, resolved and self-reported an issue relating to the disclosure of fees for some customers.

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Tower completes acquisition of Youi NZ insurance portfolio

3 January 2020
Ownership of Youi NZ’s approximately 34,000 in-force policies transfered to Tower when it settled on 31 December.

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Richard Harding's speech to ICNZ Conference

6 November 2019
"The insurance industry needs to increase transparency and rebuild trust"

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Tower welcomes new financial conduct regime

25 September 2019
Tower welcomes the government’s announcement today to regulate financial conduct and create fairer outcomes for customers of all insurers.

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Tower to acquire Youi NZ insurance portfolio and raise capital

24 September 2019

Tower Insurance will acquire Youi NZ’s approximately 34,000 in-force policies for a total purchase price of NZ$13 million

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Moving toward a better, fairer insurance industry

9 July 2019

Tower has announced its commitment to remove the duty of disclosure from its sales and claims processes.

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Tower funds Fijian "ecovillage"

19 June 2019

Tower Insurance has partnered with Global Ecovillage Network to promote sustainable living.

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Tower appoints Shine and MBM

24 May 2019

Tower has announced the appointment of Shine as their strategic and creative communications agency, partnering with MBM for media planning and services.

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Junior NZ weightlifter places first and welcomes new sponsor

9 May 2019

Kiwi insurer Tower is on board as Kanah Andrews-Nahu's new sponsor.

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Tower Rotorua is on the move

8 April 2019

Kiwi insurer Tower has moved to new premises on Rotorua's Hinemaru Street.

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New executives announced to drive digital transformation

10 September 2018

Tower Insurance today announced the appointment of two new executive team members, signalling a major step forward in its transformation.

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Fintel refund update

23 January 2018

The date by which FinTel customers could confirm their eligibility for a refund has now passed and all remaining funds have been donated to the Citizens Advice Bureau.

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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...

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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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Insurance policy wins plain English award

Tower Insurance is proud that its latest simple and easy House Insurance policy has won a Plain English Award.

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Kaikoura and Edgecumbe claims finalised by early 2018

10 November 2017

Thanks to a claims team established to provide dedicated support to Tower customers affected by the Kaikoura earthquake, Tower has finalised 100% of motor claims, 100% of contents claims and 82% of over-cap house claims.

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