Tower to raise premium after losses

30-05-2018

New Zealand-based Tower has been impacted by severe and unprecedented weather and a settlement of a Peak Re dispute resulting in a half year loss of NZ$11.6 million ($8.04 million) for the half year ended March 31, 2018 compared to a loss of NZ$8.2 million in the same period a year ago.


Tower, New Zealand, Capital, Premium, Losses, Insurance, Reinsurance, Richard Harding, Asia Pacific

Intelligent Insurer