Tower lifts catastrophe cover as reinsurance costs fall

Tower has renewed its reinsurance programme for the 2027 financial year, increasing catastrophe cover while reducing its expected premium expense. The NZX and ASX-listed insurer has secured protection across its home, motor, boat and commercial portfolios in New Zealand and Pacific markets. Its catastrophe limit increases from $915 million in FY26 to $970m, including a […]
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