Tower Limited has announced the successful placement of additional reinsurance reinstatement cover for the remainder of the financial year ending 30 September, 2023.
This purchase of $100m of cover reinstates protection for a fourth catastrophe event up to $889m in the financial year.
Tower has also indicated it has sufficient reinstatement cover for Cyclone Gabrielle claims.
Further details will be provided at the half-year results presentation on 25 May 2023.
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