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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.

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.

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.

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.

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.

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.

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.

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.