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2020 News

  • About Us – Our History & Team
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    • Latest News – All About Insurance
      • Latest Insurance News – 2022
        • Rising Stars at Tower celebrate award wins
        • Kiwis Reasons for Travel Findings
        • Tower Elevates Women Leadership in Insurance
        • Tower Wins 2022 General Insurer of the Year
      • Latest Insurance News – 2021
        • Tower to Acquire ANZ Legacy Portfolio
        • Tower Rating Reaffirmed as A- (Excellent)
        • Data Partnership to Improve Our Sector
        • Tower Launches Barracks Cover with NZDF
        • GoCarma is Supporting Kiwis to Travel
        • Tower records sound half year result
        • Tower partners with Open
        • Tower & Allianz Partners work together
        • Smart Data Usage Helps Slash Quoting Time
        • Tower Insurance hits the water
        • Sustainability Benefit for House Insurance
        • Trade Me and Tower Renew Partnership
        • Canstar Car Insurer of the Year Winner
        • Smart Data Usage Helps Slash Quoting Time
        • Tower Pinpoints Fraud to Enable Faster Claim
        • Summer boom anticipated for boaties
        • Tower appoints Chief Financial Officer
        • Our Partnership with Business Link Pacific
        • Tower Acquires Limited Shares in NPI
        • Tower and Allianz Strengthens Partnership
        • Tower Appoints CCO and CRO
        • Residential Flood Risks Tool
        • Our GoCarma App Reveals Best & Worst Drivers
      • Latest Insurance News – 2020
        • New Tower CEO Announced
        • Corporate Structure Update Sept 2020
        • Tower Gives Back $7.2m to Customers
        • Tower Supports Climate Risk Reporting
        • Tower Completes Acquisition of Youi NZ
        • Digital & Data Delivers Profit Growth
        • Corporate Structure Update Jun 2020
        • Tower Fixes Fee Disclosure Issues
        • Tower Supports New Working Way with EQC
        • Tower Insurance takes EQC to Court
        • Tower Supports Customers During COVID-19
        • Tower Partnership a Win for Consumers
        • Tower Commits to Refund COVID-19 Claims
      • Latest Insurance News – 2018
        • Have you Met Charlie Yet
        • 2 Executives to Drive Digital Change
        • Fintel Refund Update
      • Latest Insurance News – 2019
        • Junior Weightlifter Welcomes New Sponsor
        • This Industry Needs to Rebuild Trust
        • Shine & MBM Appointment
        • Tower to Acquire Youi NZ
        • Moving Toward a Better, Fairer Industry
        • Tower Welcomes New Financial Regime
        • Tower Funds Fijian Ecovillage
      • Latest Insurance News – 2017
        • Insurance Policy Wins English Award
        • Kaikoura & Edgecumbe Claims Finalised
        • Suncorp’s Off-Market Share Offer
        • Fintel Refund
        • Suncorp Reaches 19.99% Threshold
        • Non-Binding Proposal from Vero
      • Latest Insurance News – 2016
        • Tower Mobilises Response Team
        • Christchurch Earthquake Update
        • Tower Refunding Customers
        • Air NZ Announcement
        • Tower Warns of Low Ball Share Offers
        • Canterbury Earthquake Nov 2014
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News 2020

 

Posted on 30/11/2020

Data Partnership to Improve Our Sector

The University of Auckland is partnering with Kiwi insurer, Tower, to align academic research capabilities with real world industry needs.

Posted on 25/11/2020

Digital & Data Delivers Profit Growth

Tower announced underlying profit excluding large events increased 23% on the prior year to $34.7m, underlying profit including large events increased 3% on the prior year to $28.4 million, passing the top end of its guidance.

Posted on 02/11/2020

Tower Supports New Working Way with EQC

Blair Turnbull, Tower Insurance’s Chief Executive Officer, welcomes the announcement that private insurers will be working with EQC to deliver better outcomes for customers after natural disaster events.

Posted on 21/09/2020

Corporate Structure Update Jun 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.

Posted on 15/09/2020

Tower Supports Climate Risk Reporting

Blair Turnbull, Tower Insurance’s Chief Executive Officer, welcomes today’s announcement on mandatory reporting of climate-related financial disclosures and said that the company would look to develop its reporting criteria to introduce this type of disclosure ahead of the 2023 timetable set by the government.

Posted on 05/06/2020

Tower Gives Back $7.2m to Customers

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.

Posted on 04/06/2020

Corporate Structure Update Sept 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.

Posted on 04/05/2020

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.

Posted on 20/04/2020

Tower Commits to Refund COVID-19 Claims

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.

Posted on 31/03/2020

Tower Supports Customers During COVID-19

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

Posted on 20/03/2020

Tower Insurance takes EQC to Court

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.

Posted on 13/03/2020

Tower Fixes Fee Disclosure Issues

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

Posted on 03/01/2020

Tower Completes Acquisition of Youi NZ

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

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