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Tower done with Pacific exits, builds on digital momentum

Chief executive Blair Turnbull tells NBR it now has the ‘right’ geographic footprint, customers, and teams on the ground in the Pacific.

WATCH: Tower chief executive Blair Turnbull speaks with Jonathan Mitchell.

Key points
  • What’s at stake: Tower has "streamlined" its business operations in the Pacific, and is assessing risks, such as future extreme weather events and cyclones. 
  • Background: Earlier this month, the company announced the conditional sale of its Vanuatu subsidiary to privately-owned Capital Insurance Group of Papua New Guinea.
  • Key players: Tower Insurance, Blair Turnbull, Michael Stiassny.

Tower Insurance has completed its exits in the Pacific and is confident it has the best strategy in place to grow in remaining markets with a uniformed digital platform.

Earlier this month, the company announced the conditional sale of its Vanuatu subsidiary to privately-owned Capital Insurance

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Contact the Writer: jmitchell@nbr.co.nz
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Key points
  • What’s at stake: Tower has "streamlined" its business operations in the Pacific, and is assessing risks, such as future extreme weather events and cyclones. 
  • Background: Earlier this month, the company announced the conditional sale of its Vanuatu subsidiary to privately-owned Capital Insurance Group of Papua New Guinea.
  • Key players: Tower Insurance, Blair Turnbull, Michael Stiassny.
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Tower done with Pacific exits, builds on digital momentum
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