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


Tower continues to provide an independent choice to Kiwis

Tower continues to provide an independent choice to Kiwis

Today’s Commerce Commission decision to approve an application by IAG (NZ) Holdings Limited to purchase Lumley General Insurance (NZ) Limited leaves TOWER as one of the few independent choices for consumers, TOWER Chief Executive Officer David Hancock said today.

“Today’s decision reinforces our commitment to work even harder to differentiate our business from the foreign-owned brands that dominate the New Zealand insurance landscape,” Mr Hancock said.

“As the only insurer publicly listed in New Zealand, TOWER has an enviable position in the market, providing an independent choice to Kiwis looking for great-value insurance and in-depth local knowledge.

“TOWER has been looking out for Kiwis for more than 140 years and we will continue to focus on delivering great choice and innovative products and services, whilst delivering value to our shareholders. We will also continue to invest heavily in our brand to ensure Kiwis well understand all the benefits that TOWER has to offer.”

Mr Hancock said TOWER would continue to look for opportunities within the consolidating New Zealand industry that would add value to its institutional and 50,000 plus Kiwi “mum and dad” investors.

TOWER accepted today’s decision by the Commerce Commission, he said.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Postnatal Depression: 'The Thief That Steals Motherhood' - Alison McCulloch

Post-natal depression is a sly and cruel illness, described by one expert as ‘the thief that steals motherhood’, it creeps up on its victims, hiding behind the stress and exhaustion of being a new parent, catching many women unaware and unprepared. More>>


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news