Tower revival gets insurer on Craigs’ list

Tower chief executive Blair Turnbull might be building a solid foundation. (Image: Supplied)

Tue, 06 Aug 2024

It was not too long ago that Tower, as a standalone entity, looked like it was destined for the history books. The general insurer was still reeling from an almost annual surprise in the cost of covering Canterbury quake damage. It attracted a bidding war from Australia’s Suncorp – the parent of Vero – and Canada’s Fairfax Financial Holdings, not to be confused with the Australian media family of yore, in 2017. The slimmed-down operation had already pared back its business to a pure general insurer, selling its...

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