2017 news

Insurance policy wins plain English award

24 November 2017
Tower Insurance is proud that its latest simple and easy House Insurance policy has won a Plain English Award.

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.

FinTel refund

18 October 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.

Suncorp reaches 19.99% threshold

15 March
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.

Tower notes Suncorp unsolicited off-market share offer

22 February
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.

Tower receives non-binding proposal from Vero for 100 %

22 February
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).