Tower buying Youi’s NZ policies
Insurer raising $47m to restore solvency capital position.
Asa Andersen
Tue, 24 Sep 2019
NZX-listed Tower Insurance has today announced it’s buying Auckland-based insurance company Youi NZ’s insurance portfolio for $13 million.
The purchase, subject to the Reserve Bank’s approval, will provide Tower Insurance with about 34,000 in-force policies and increase its gross written
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Asa Andersen
Tue, 24 Sep 2019
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