Tower Renews Reinsurance Programme for FY'27, Lifts Cat Cover Limit to NZ$970m

Tower renews reinsurance programme for FY'27, lifts cat cover limit to NZ$970m

New Zealand-based insurer Tower has renewed its reinsurance programme for the financial year ending 30 September 2027, increasing its catastrophe upper limit to NZ$970 million from NZ$915 million in 2026. The programme will provide comprehensive cover at competitive rates across Tower’s home, motor, boat, and commercial portfolios across New Zealand and Pacific markets. Alongside the […]

Tower grows first-event catastrophe reinsurance limit to NZ $970m at reduced cost - Artemis.bm

Tower Insurance, the Auckland, New Zealand-headquartered general insurer, has capitalised on favourable reinsurance market conditions to expand its

Tower increases reinsurance cover to $970 million for 2027

General insurer Tower lifts reinsurance cover by $55 million, anticipates reinsurance premium expense will come to 9.5% of Gross Written Premium in its 2027 financial year

Tower Renews FY27 Reinsurance Programme, Boosts Cover and Cuts Premiums

Tower (NZX/ASX: TWR), a prominent Kiwi insurer providing comprehensive home, motor, boat, and commercial insurance across New Zealand and Pacific markets, has successfully completed the renewal of its reinsurance programme for the financial year ending 30 September 2027 (FY27). The company announced it has secured comprehensive cover at competitive rates, reflecting favourable market conditions and