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Resignation of CEO
Resignation of CEOTower (NZX/ASX: TWR) today announced that Chief Executive Officer, Blair Turnbull has resigned and will step down on 12 February 2025, following the Annual Shareholder Meeting (ASM) on 11 February 2025.Mr Turnbull joined Tower in 2020 and has overseen considerable transformations at the Kiwi and Pacific Island insurer.Chair Michael Stiassny thanked Mr Turnbull,…
New Tower partnership offers teachers and other public sector professionals access to insurance benefits
New Tower partnership offers teachers and other public sector professionals access to insurance benefitsKiwi insurer Tower has today announced it is partnering with HealthCarePlus to provide members of education and public services unions with access to Tower products including house, contents and motor insurance. HealthCarePlus is jointly owned by the five education unions and the…
Tower Insurance names University of Waikato climate change scholarship recipients
Tower Insurance names University of Waikato climate change scholarship recipientsTower, the New Zealand and Pacific-based insurance company, has named the latest recipients of its Climate Change Scholarship, developed in partnership with the University of Waikato, with Bachelor of Climate Change students, Maia Waudby and Hannah Dagger, set to receive $5,000 each. Tower has supported the…
Tower scoops New Zealand's top house and contents insurer award
Tower scoops New Zealand’s top house and contents insurer awardCanstar has crowned Tower winner of its Canstar Home & Contents Insurer of the Year Award for 2024. Canstar Group Manager – Wealth, Health & New Zealand, Tom Slee says when it comes to the cost of premiums Canstar hopes their research and award informs New…
Tower integrates Hello Claims platform to enhance motor claims process
Tower integrates Hello Claims platform to enhance motor claims processIncreased automation set to reduce motor claim turnaround times and increase customer visibility.Kiwi insurer Tower is excited to announce the integration of the Hello Claims assessing and repair management platform into its online systems. This move will significantly improve the motor claims process for both motor…
A year on: Auckland Anniversary weekend floods and Cyclone Gabrielle
A year on: Auckland Anniversary weekend floods and Cyclone GabrielleThe Auckland Anniversary weekend flooding, closely followed by Cyclone Gabrielle, were the most impactful weather events our generation has known.The impact on our customers was significant with more than 9,400 claims. As of 24 January, Tower had settled 91% of claims for these events.For the most…
Tower to sell Vanuatu business
Tower to sell Vanuatu businessTower announces the conditional sale of its Vanuatu subsidiary to Capital Insurance Group of Papua New Guinea. The sale proceeds are expected to be around $1.6m, net of costs of sale, subject to adjustments for changes in the subsidiary’s net assets at the completion date. The sale is expected to complete…