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Tower
Kiwi insurer Tower raises cat limit to NZ$915m in FY26 reinsurance renewal
September 24 2025
Insurer projects a decline in its reinsurance expense to 10.7% of its gross written premiums in FY26, from 13.3% in the preceding year.
Tower CEO Blair Turnbull to step down in February 2025
November 1 2024
NZ insurer has initiated search for a new CEO, with Turnbull set to step down after Tower's annual shareholder meeting.
Tower's ratings affirmed with post-2023 recovery anticipated
April 26 2024
2023 twin nat cats led to 103.2% COR, but AM Best expects a return to positive results in the medium term.
NZ FMA files civil proceedings against Tower Insurance over discount failures
March 8 2024
Financial Markets Authority alleges Tower overcharged customers NZ$9.5m (US$5.87m) by failing to apply multi policy discounts.
Tower partners with CelsiusPro to enhance Pacific parametric offering
November 24 2023
Tower partners with CelsiusPro to enhance the technological infrastructure supporting their Cyclone Response Cover, a parametric insurance offering.
New Zealand: AM Best affirms Tower's financial strength despite 2023's severe weather events
April 24 2023
Tower maintained its 'A-' FSR thanks to its very strong balance sheet
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