Tower names Hancock as new chief executive, replacing Flannagan

Mon, 01 Jul 2013

By Tina Morrison July 2 (BusinessDesk) – Tower named director David Hancock as its new chief executive, replacing Rob Flannagan who resigned from the general insurer in March. Hancock, who is a director of Tower Ltd and Tower Capital Ltd starts in the new role today for a two-year term, chairman Michael Stiassny said in a statement. Shares in Tower last traded at $1.95, having gained 23 percent in the past year. Tower is refocusing its business on general insurance following a strategic review that resulted in the sale of its health and inve...

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