Tower posts NZ$1.2mn FY23 loss as large weather claims rise

New Zealand insurer Tower has reported a loss of NZ$1.2mn (~$726,000) for the year to 30 September 2023, following catastrophic weather events that saw the Auckland-based insurer incur large-event costs of NZ$55.6mn.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Spencer Halladey

Commercial director

+44 (0) 7540 000929

spencer.halladey@wbmediagroup.com

    Andy Stone

    Sales manager

    +44 (0) 7834 843176

    andy.stone@wbmediagroup.com