Latest Tower (NZX:TWR) News

Takeover uncertainty, legal risks and fund closures drove the biggest share moves this week.
Dividend growth and stronger fund returns offered support, but several reports carried clear warnings about future results.

Tower has renewed its FY27 reinsurance programme with $970 million of catastrophe protection, higher limits for a third catastrophe event and a lower expected reinsurance cost ratio. The insurer says several new multi-year agreements should also improve certainty around future costs and catastrophe excesses.