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Tower adds catastrophe capacity as FY27 reinsurance costs fall
6:30am on Monday 21st of September, 2026 AEST
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Insurance
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Tower adds catastrophe capacity as FY27 reinsurance costs fall
6:30am on Monday 21st of September, 2026 AEST
Key Points
Catastrophe limit raised to $970 million from $915 million
Third catastrophe limit increased to $100 million from $85 million
Estimated reinsurance expense falls to 9.5% of GWP from 10.6%
Catastrophe event excesses hold at $20 million
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Tower (NZX:TWR)
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