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General Business
5 mins to read

Tower eyes acquisitions, dividends, after ‘milestone’ EQC settlement

New Tower boss talks up potential after removing sizeable legacy risk.

Hamish McNicol Wed, 25 Nov 2020

Tower’s new chief executive says the insurer has gained $42 million to reinvest, resume dividend payments, and make acquisitions after finally putting a long-running dispute with the Earthquake Commission behind it.

The NZX-listed insurer today announced a net profit after tax of $12.3m for

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Hamish McNicol Wed, 25 Nov 2020
Contact the Writer: Hmcnicol@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tower settles $80m EQC claim for $53m
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Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
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Avg Daily Volume
Daily High
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52 Week High
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Related News
General Business

Tower settles $80m EQC claim for $53m
General Business
2

Tower restructure cuts 108 jobs, replaces them with 'flexible roles'
General Business
3

Tower buying Youi’s NZ policies

Tower eyes acquisitions, dividends, after ‘milestone’ EQC settlement
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