Tower
Here are the key changes to know about in the New Zealand equity market; NZX, Gentrack, Spark, and Tower posted gains, while Infratil, Contact Energy, Tourism Holdings, and The Warehouse Group led the declines
18th Nov 24, 3:00pm
Here are the key changes to know about in the New Zealand equity market; NZX, Gentrack, Spark, and Tower posted gains, while Infratil, Contact Energy, Tourism Holdings, and The Warehouse Group led the declines
Here are the key changes to know about in the New Zealand equity market; Gentrack, Freightways, and Skellerup posted gains, offset by declines from A2 Milk, Stride Property Group, The Warehouse Group and Tower
12th Nov 24, 3:00pm
Here are the key changes to know about in the New Zealand equity market; Gentrack, Freightways, and Skellerup posted gains, offset by declines from A2 Milk, Stride Property Group, The Warehouse Group and Tower
In a new Of Interest podcast episode, John Lyon explains why it's hard to judge insurers' finances on a year by year basis, and why NZ's risk profile is the most significant barrier to enter the local insurance market
1st Oct 24, 4:41pm
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In a new Of Interest podcast episode, John Lyon explains why it's hard to judge insurers' finances on a year by year basis, and why NZ's risk profile is the most significant barrier to enter the local insurance market
As car insurance premiums continue rising, significantly for some people, is insurance becoming unaffordable?
10th May 24, 10:09am
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As car insurance premiums continue rising, significantly for some people, is insurance becoming unaffordable?
Tower hires Goldman Sachs as it kicks off review of its ownership structure
Insurer Tower says it faced significant challenges this financial year, but its underlying result 'demonstrates resilience and strategic delivery' that positions the company well for long-term sustainable growth and performance
23rd Nov 23, 11:00am
5
Insurer Tower says it faced significant challenges this financial year, but its underlying result 'demonstrates resilience and strategic delivery' that positions the company well for long-term sustainable growth and performance
Insurer Tower says inflation, motor crime and supply chain issues continued to worsen over the third quarter of its financial year to September
19th Jul 23, 10:11am
10
Insurer Tower says inflation, motor crime and supply chain issues continued to worsen over the third quarter of its financial year to September
Mother Nature may always win but we can prepare for and respond to extreme weather more innovatively and realistically, Tower's Blair Turnbull says
13th Jun 23, 1:37pm
3
Mother Nature may always win but we can prepare for and respond to extreme weather more innovatively and realistically, Tower's Blair Turnbull says
Tower posts half-year loss, won't pay interim dividend, says it has strong reinsurance cover
25th May 23, 10:42am
9
Tower posts half-year loss, won't pay interim dividend, says it has strong reinsurance cover
Tower says the Auckland Anniversary Weekend flood may now cost as much as $225 million, while it says it won't be paying a half-year dividend to shareholders
8th May 23, 10:23am
4
Tower says the Auckland Anniversary Weekend flood may now cost as much as $225 million, while it says it won't be paying a half-year dividend to shareholders
Analysts say high inflation will help Tower, after extreme weather events, pass costs on to customers
21st Feb 23, 7:36am
Analysts say high inflation will help Tower, after extreme weather events, pass costs on to customers
Tower lowers annual profit guidance by up to $14 million after North Island weather double whammy
17th Feb 23, 9:38am
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Tower lowers annual profit guidance by up to $14 million after North Island weather double whammy
[updated]
Tower CEO Blair Turnbull says reinsurers are questioning their down under exposure, he sees a risk of uninsurable areas in the future
14th Jul 22, 10:37am
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Tower CEO Blair Turnbull says reinsurers are questioning their down under exposure, he sees a risk of uninsurable areas in the future
RBNZ and FMA to review governance across 32 financial service providers against a backdrop of growing concern about board governance and risk compliance
8th Dec 21, 9:20am
RBNZ and FMA to review governance across 32 financial service providers against a backdrop of growing concern about board governance and risk compliance
Tower customers can expect premium changes, as the insurer uses more detailed modelling to price flood risk
10th Nov 21, 5:00am
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Tower customers can expect premium changes, as the insurer uses more detailed modelling to price flood risk
The RBNZ says its first stress testing of general insurers shows how important the international reinsurance market is to New Zealand
28th Oct 21, 8:06am
2
The RBNZ says its first stress testing of general insurers shows how important the international reinsurance market is to New Zealand
Tower upbeat despite fall in half-year profit and reduced annual profit guidance
26th May 21, 9:40am
Tower upbeat despite fall in half-year profit and reduced annual profit guidance
Both IAG and Tower have followed Suncorp in reaching the end of long-running disputes with the Earthquake Commission (EQC) relating to the apportioning of costs between the state and private insurers relating to the Canterbury earthquakes
24th Nov 20, 3:21pm
2
Both IAG and Tower have followed Suncorp in reaching the end of long-running disputes with the Earthquake Commission (EQC) relating to the apportioning of costs between the state and private insurers relating to the Canterbury earthquakes
A look at the 'broken' system that's seen the RBNZ force Tower to find more capital, as insurers continue to chase EQC for hundreds of millions of dollars 9 years after the Canterbury quakes
21st Nov 19, 1:13pm
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A look at the 'broken' system that's seen the RBNZ force Tower to find more capital, as insurers continue to chase EQC for hundreds of millions of dollars 9 years after the Canterbury quakes
Tower says it has a deal to pay $13 million for the 34,000 policies issued by Youi in this country; Tower to raise $47 million to pay for purchase and to boost its own solvency position
24th Sep 19, 8:52am
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Tower says it has a deal to pay $13 million for the 34,000 policies issued by Youi in this country; Tower to raise $47 million to pay for purchase and to boost its own solvency position
IAG and Suncorp see premium hikes being more subdued in 2020, with major repricing seen in 2019 contributing to them increasing their profits by 69% and 116% respectively
20th Aug 19, 7:49am
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IAG and Suncorp see premium hikes being more subdued in 2020, with major repricing seen in 2019 contributing to them increasing their profits by 69% and 116% respectively
Tower gets ahead of regulatory curve by committing to taking a more consumer-friendly approach towards disclosure; IAG begs the Government not to make it go this far
11th Jul 19, 7:22am
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Tower gets ahead of regulatory curve by committing to taking a more consumer-friendly approach towards disclosure; IAG begs the Government not to make it go this far
Would insurers be this risk-adverse had the country's competition watchdog prevented the market from becoming so concentrated? The just-exited ComCom Chairman believes they would
8th Jun 19, 9:31am
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Would insurers be this risk-adverse had the country's competition watchdog prevented the market from becoming so concentrated? The just-exited ComCom Chairman believes they would
Insurer Tower returns to profit as fewer storms and reduced exposure to risky places see it pay a low $45 in claims for every $100 received in premiums
22nd May 19, 6:50am
2
Insurer Tower returns to profit as fewer storms and reduced exposure to risky places see it pay a low $45 in claims for every $100 received in premiums
Insurers warn apartment owners risk being left high and dry in the event of a quake, as anecdotes of cash-strapped body corporates ditching their cover emerge
18th May 19, 9:31am
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Insurers warn apartment owners risk being left high and dry in the event of a quake, as anecdotes of cash-strapped body corporates ditching their cover emerge