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Kiwi insurer Tower today announced it is partnering with CSC Buying Group and New Zealand InsurTech start-up Sentro to provide hundreds of thousands of New Zealanders with access to discounted insurance for the first time.

Global company rating specialist A.M. Best has reaffirmed Tower Limited’s financial strength rating at A- (Excellent).

Tower Insurance has partnered with the New Zealand Defence Force (NZDF) to provide tailored insurance policies to more than 150,000 people, covering current and former service men and women, and their families.

Research from Tower shows more than a third of drivers admit to looking at their mobile phone while driving and running orange lights. Nearly a quarter of New Zealanders admit to driving when tired.

Kiwi insurer Tower (NZX/ASX: TWR) announced it has agreed to pay $14m in cash to ANZ to acquire and assume ANZ’s rights and obligations relating to servicing a portfolio of insurance underwritten by Tower.