Tower shareholders reassured on digital strategy, EQC payments

Fri, 14 Feb 2020

Tower’s shareholders had plenty of questions at today’s annual meeting, especially about its digital expansion and how it is dealing with wash-up money from EQC. Close to 100 shareholders attended the annual meeting where company executives stressed how much of a turnaround “journey” Tower had been on. The general insurer reported net profit of $16.6 million in the 12 months ended Sept. 30, turning around a loss of $6.8 million a year earlier. Its shares nudged up almost 4 percent in the past year. Ahead of Friday’s meeting, the...

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