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Tower taps BNZ for solvency top-up

Insurer announces half-year loss as earthquake costs continue.  

Tim Hunter
Wed, 24 May 2017

Insurer Tower has tapped a loan facility from BNZ to top up the solvency position of its Tower Insurance subsidiary by $30 million.

Announcing its results for the half year to March 31, Tower said the solvency position of Tower Insurance at balance date exceeded minimum requirements by $5.2

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Tim Hunter
Wed, 24 May 2017
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Tower taps BNZ for solvency top-up
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