Tower: free of quake albatross at last

Tower: free of quake albatross at last
Paul McBeth
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...

More Finance

December interest rate cut uncertain: Fed governor
Finance

December interest rate cut uncertain: Fed governor

Lisa Cook says the timing of further reductions will depend on new data.

Bayly to banks: ‘Just get on with it’
Finance

Bayly to banks: ‘Just get on with it’

Minister Andrew Bayly is impatient for the changes needed to improve competition.

Ben Moore 20 Nov 2024
‘Regulatory failure’ let NZ’s payments fall behind
Finance

‘Regulatory failure’ let NZ’s payments fall behind

NZ was the All Blacks of payments, but now barely makes regionals as regulation lagged.

Ben Moore 19 Nov 2024