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Emerging risks | Growth Opportunities | APAC Insurance

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Wednesday, September 23, 2026

Tower

kiwi-insurer-tower-raises-cat-limit-to-nz915m-in-under-renewed-fy26-reinsurance
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
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.
am-best-maintains-tower-limiteds-credit-ratings-at-a-with-stable-outlook
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-financial-markets-authority-files-proceedings-against-tower-insurance-over-discount-failures
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-parametric-offering
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.
Photo of someone using computer with computer data on the screen. Photo of iTower in top left corner.
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
New Standards.New Stage.Real Recognition. Entries Closing Soon. Apply now → Entries close
25 September