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How Tower Slashed Reinsurance Costs While Boosting Catastrophe Cover for FY26
7:37am on Wednesday 24th of September, 2025 AEST
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Insurance
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How Tower Slashed Reinsurance Costs While Boosting Catastrophe Cover for FY26
7:37am on Wednesday 24th of September, 2025 AEST
Key Points
Reinsurance premium expense reduced to 10.7% of Gross Written Premium
Catastrophe cover upper limit increased to $915 million
Shift from proportional to excess of loss cover for large property risks
Multi-year agreements secured with global reinsurers
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