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

 

Income Equality: Time To Double-Down On Cutting CEO Salaries

With reports of a slow-down in CEO pay rises last year, it’s time for Kiwi corporates to double down on cutting excessive salaries to ensure this is a trend not an accident, said Peter Malcolm, spokesperson for the income equality project Closing the Gap. More>>

Manawatu-Whanganui Projects: PGF Top-Up To Rural Broadband Roll-Out

The government has effectively raided the $3 billion Provincial Growth Fund to top up the budget for the second phase of its rural broadband initiative, filling in mobile 'black spots' and ensuring broadband is available to marae that don't have access now. More>>

ALSO:

Other Windy Cities: Auckland-Chicago Named A Top 10 ‘Most Exciting’ New Route

The inclusion of Auckland-Chicago on Lonely Planet’s Where to fly in 2019? The 10 most exciting new flight routes list comes just two weeks before Air New Zealand prepares to celebrate its inaugural flight to Chicago’s O’Hare International Airport on 30 November. More>>

Deadly Strain: ESR Ups Its Reporting On Meningococcal Disease

The increasing number of cases of Group W Meningococcal disease (MenW) has prompted ESR to increase its reporting on the disease to the Ministry of Health. ESR has upped its reporting to weekly. More>>

ALSO: