Tower board mulls takeovers, capital raising as performance in line with expectations in 2017

Wed, 29 Mar 2017

By Sophie Boot March 30 (BusinessDesk) - Tower is performing in line with expectations in the first few months of the 2017 financial year, as it considers three options for its future with costs from the Canterbury earthquakes escalating. At the general insurer's annual meeting in Auckland this morning, chief executive Richard Harding said the company had a "full-on 12 months" with new initiatives in 2016, and still has "a lot to do to refocus Tower on its core", according to speech notes posted to the NZX. Two external offers have bee...

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