Tower
Tower Insurance to post full year loss on higher quake claims
Insurance company Tower will report an annual loss next week because it's had to put aside more to cover the cost of the Canterbury earthquake claims. Audio
Tower expects slower premium growth
The general insurer, Tower, is picking premiums to rise more slowly in the coming year. Audio
Tower share buy-back
The listed insurer, Tower, is buying back as much as 34 million dollars of its shares, after saying it has at least 135 million more cash than is required by the Reserve Bank. Audio
Tower doesn't expect to be affected by Cyclone Pam
Meanwhile, the general insurer Tower says it doesn't expect to be affected by Cyclone Pam in the Pacific Islands. Audio
Tower has $141 million more capital than it needs to be solvent
Tower says it has 141-million dollars more in capital than it needs - to be solvent - and it's planning to use up to 34 million dollars - of that - to buy back its own shares. Audio
Tower's annual profit fell 32%
Tower's annual net profit fell more than 32 percent, while its underlying general insurance result rose by the same percentage. Audio