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.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Post-Post: Brian Roche To Step Down As NZ Post CEO

Brian Roche will step down as chief executive of New Zealand Post in April 2017, having led the state-owned postal service's drive to adjust to shrinking mail volumes with a combination of cost cuts, asset sales, modernisation and expansion of new businesses. More>>

ALSO:

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news