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Tower confirmed as Kiwibank's 'Preferred Partner'

6 March 2006

Tower Insurance confirmed as Kiwibank's 'Preferred Partner'

TOWER Insurance Limited is delighted, as Kiwibank's preferred partner, to confirm that Kiwibank is now able to offer its customers domestic insurance products.

>From 6 March 2006, Kiwibank will distribute TOWER house, contents, car, boat, disaster, lifestyle block and travel insurance products.

Kiwibank CEO Sam Knowles said TOWER was chosen for its experience in distributing products through alliance partners such as banks, and its ability to build relationships with these partners.

"TOWER was also selected on the strength of its competitive position in the domestic insurance market," said Mr Knowles.

TOWER Insurance CEO Mr Pieter Lindhout is extremely pleased that TOWER had been chosen as Kiwibank's partner for the future.

"Our business is committed to developing this partnership with Kiwibank to the benefit of both parties and our respective customers," said Mr Lindhout.

"We're ideally positioned to provide this service to Kiwibank due to TOWER's strong ability to offer relevant products that can be tailored to meet the unique needs of a bank. We pride ourselves on delivering quality, good value products to New Zealanders, and our combined strengths offer a great opportunity to make this a winning combination."

ENDS

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