Finance Bottom Line

Tower: free of quake albatross at last

Paul McBeth
Tue, 08 Dec 2020

Tower’s relatively new chief executive Blair Turnbull is on a mission to let investors know the insurer is finally free of an albatross around its neck - the Canterbury earthquakes.Cutting a deal with the Earthquake Commission to get 75 percent of a disputed payment over long-running Canterbury quake claims was the last of the company legacy woes, and Turnbull – having joined Tower in August – said he feels like he can get on with pursuing profitable growth.The quakes have cropped up time and again as a millstone for Tower, wi...

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Tower: free of quake albatross at last

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