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

 


Stats: Auckland’s Population Falls For The First Time
In the wake of the COVID-19 pandemic, New Zealand’s population growth slowed down with Auckland recording a population decline for the first time ever, Stats NZ said today. “New Zealand saw slowing population growth in all regions... More>>



BusinessNZ: Third Snapshot Report Reveals $9.5 Billion Business Investment In Climate Action

Signatories to the Climate Leaders Coalition have committed to invest $9.5 billion over the next five years to reduce emissions from their businesses, as revealed in their third anniversary snapshot report released today... More>>

Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>


Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>



Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>