Latest news and media enquiries

Adaptation Framework: A Proposed Approach for New ZealandTower welcomes the release of the Adaptation Framework: A Proposed Approach for New Zealand as a step towards greater certainty for communities, councils, and insurers.Tower has long advocated for nationally consistent hazard modelling and greater data transparency, for all New Zealanders. Tower’s research shows that 48 percent of New…

Tower partners with SedgwickTower has today announced a new partnership with Sedgwick, a global leader in loss adjusting, to ensure fast claims assessments for Tower customers during large weather events. The new partnership means Tower will have access to additional support from Sedgwick’s loss adjusters across New Zealand and the Pacific. External loss adjusters are typically…

Tower wins Canstar’s Home & Contents Insurer of the Year AwardFor providing Kiwi households great cover, value and service.New Zealand’s best insurers have been recognised in Canstar’s 2025 Home and Contents Awards, and for the second year in a row Tower is the winner of Canstar’s prestigious Insurer of the Year Award.Cost of living pressures…

Don’t let thieves ruin your bumper break! Tower urges Kiwi to be vigilant With more than one third (35%) of Kiwi set to head away on holiday throughout the next two weeks, Tower is urging people think ahead and take care protecting their homes and vehicles from theft.Anzac Day falls on a Friday this year,…

Hello Claims and Panel Quote partner, simplifying motor assessing for Tower repairersFollowing a successful trial, Panel Quote and Hello Claims have begun rolling out an integrated software experience to the wider New Zealand panel repair market, to help simplify how repairers work with insurers.The integration with Hello Claims will enable Panel Quote users to complete…

Tower partners with FinsureTower has today announced a new partnership with one of Asia-Pacific’s largest mortgage aggregation groups, Finsure, to simplify insurance referrals for customers and advisers.The partnership will reduce complexity for Finsure NZ advisers, with Tower’s unique referral model, ensuring a specialist Tower team member handles the entire lifecycle of the insurance quote process.Tower…

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 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 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 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 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 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 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…

Tower reports growth and efficiency in a challenging yearTower Limited (NZX/ASX: TWR) has today announced its full year results reporting improved revenue growth and expense control, with profits impacted by catastrophic weather events. For the year to 30 September 2023, the insurer recorded an underlying profit including large events of $7.8m versus $27.3m in the…

Tower and global Insurtech CelsiusPro Group, partner to increase the uptake of parametric cyclone insurance for the PacificTower has joined forces with global Insurtech CelsiusPro Group to upgrade the IT platform for its Cyclone Response Cover, a parametric insurance product designed to provide policyholders with a rapid cash payout when their house, or other insured…

Appointment of Mike Cutter to Tower BoardTower Limited today announces the appointment of Mike Cutter as an independent director to the Tower Board to fill a casual vacancy.Mr Cutter has extensive governance and executive experience in the financial services sector across New Zealand, Australia, Asia, and Europe. He is currently the Chair of Arteva Funding,…

Successful placement of FY24 reinsurance programmeKiwi insurer Tower (NZX/ASX: TWR) has successfully renewed its reinsurance programme for the 2024 financial year. In a challenging reinsurance market following significant global weather events, Tower is pleased to have secured a comprehensive reinsurance programme at competitive rates for home, motor, boat, and commercial portfolio cover, across New Zealand…

Tower to sell Solomon Islands businessToday Tower announces the conditional sale of its Solomon Islands business to Trans Pacific Assurance Limited.  The transaction will enhance Tower’s ability to pursue larger opportunities for growth in the Pacific, where the insurer is investing substantially in new technology and people. Tower Chief Executive Blair Turnbull says, “Tower’s Pacific…

Tower updates guidance, provides update on large eventsTower Limited (NZX/ASX: TWR) has today provided an updated claims cost estimate for the Auckland and Upper North Island Weather Event and Cyclone Gabrielle as well as claims cost estimate for Cyclone Judy and Kevin which impacted Vanuatu in March. Additionally, Tower has updated its market guidance. Tower…

Canstar has awarded Tower a coveted Canstar Innovation Excellence Award for 2023, recognising the transparency and customer benefits of its world-leading flood risk rating tool.