News 2020

Tower completes acquisition of Youi NZ insurance portfolio

Tower Limited today announced that Tower Insurance Limited has settled its purchase of Youi NZ Pty Ltd’s insurance portfolio.

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Tower identifies and fixes issues relating to fee disclosure

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 Insurance takes EQC to court over building claims

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.

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Tower introduces hardship measures to support customers during COVID-19

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

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

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.

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New Tower CEO announced

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 Corporate Structure Update

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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Tower gives back $7.2m to customers and says refunding COVID-19 car claim reductions is the right thing to do

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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