Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

New Management Team For TOWER Health

20 December 2000

TOWER Health has merged the operations of TOWER Health and AXA Health and today (subs 20 December) has a new management team, a month after the announcement of the $16 million buy-out.

Managing director, Jim Minto, said TOWER Health has acted quickly and is now positioned to take a major role in health and life insurance in New Zealand. Settlement of the AXA Health purchase was completed on 1 December and both companies have since been trading under the TOWER Health brand.

“We have a strong management team with the best talent of both companies and are taking an aggressive stance in the market with a range of new products to be announced in February.

“As TOWER is a leader in the financial sector, we are taking that position in health insurance, income protection and life insurance. We are also keenly awaiting the outcome of the Commerce Commission’s decision regarding Aetna customers.

“Medical and health insurance is highly competitive. We have heard of the increases in medical costs brought about mainly because of more operations taking place and new medical technology. Escalation in premiums now seems to be a regular occurrence. We know that consumers need more choices, we will provide them and ensure that health insurance is a viable option for New Zealanders,” said Jim Minto.

Jeff Page retains his position as general manager sales and distribution. Head of marketing is Shaun Williams, previously marketing manager for AXA Health; Judy King is head of operations, previously operations manager for AXA Health.

Ed Saul, chief information officer; Debbie Eyre, head of integration; and Tim Smart, head of risk management services, were TOWER Health managers in similar roles.

The position of chief financial officer is currently being advertised.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

"Broad-Based Growth": GDP Rises 1 Percent In June Quarter

Gross domestic product (GDP) rose 1.0 percent in the June 2018 quarter, up from 0.5 percent last quarter, Stats NZ said today. This is the largest quarterly rise in two years. More>>

ALSO:

Judicial Review: China Steel Tarrif Rethink Ordered

On 5 July 2017 the Minister determined not to impose duties on Chinese galvanised steel coil imports. NZ Steel applied for judicial review of the Minister’s decision. More>>

Debt: NZ Banks Accelerate Lending In June Quarter

New Zealand's nine major lenders boosted lending at the fastest quarterly pace in almost two years as fears over bad debts subsided. More>>

ALSO:

Balance Of Trade: Annual Current Account Deficit Widens To $9.5 Billion

New Zealand’s current account deficit for the year ended June 2018 widened to $9.5 billion, 3.3 percent of GDP, Stats NZ said today. More>>

ALSO: