Tower turns to profit as weather plays ball
‘For the longest time it felt like we were a lone voice and there were plenty of detractors,’ says chair Stiassny on the insurer’s risk-based pricing.
Chief executive Blair Turnbull.
Tower Insurance chair Michael Stiassny has emphasised the importance of risk-based pricing, as the insurer turns a profit amid better weather conditions.
The listed company reported a profit of $36 million in the six months ended March 31, compared with a loss of $5.1m the previous year.
Revenue rose
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