Does Tower Insurance still exist?

Who is tower insurance underwritten by?

Tower is a New Zealand-based insurance company which provides fire and general insurance.

Tower Insurance.

Type Publicly listed company
Industry Fire & General Insurance
Founded 1869
Headquarters Auckland , New Zealand
Key people Blair Turnbull, Chief Executive Officer; Michelle James, Managing Director

Is Tower insurance New Zealand owned?

It was renamed Tower Corporation in 1987 and in 1990 ownership was conferred to its policyholders with the passing of the Tower Corporation Act, allowing Tower to be owned as a mutual association.

Is Tower insurance part of IAG?

Are these brands all different insurance companies? … State and AMI Insurance are brands of Australian giant IAG, along with NZI. Tower is a New Zealand insurance company, owned by shareholders through the New Zealand Stock Exchange. Youi Insurance traces back to a company called OUTsurance, based in South Africa.

Who owns NZ insurance companies?

In January 2003 IAG, Insurance Australia Group, purchased NZI when acquiring Aviva’s general insurance business, and NZI is now a subsidiary of IAG New Zealand Ltd. Aviva predecessor General Accident bought NZI in 1989. NZI focuses on providing products to the intermediated market; i.e. brokers and banks.

Who bought Tower Insurance?

CastlePoint purchased some parts of the Tower Group when it dissolved. CastlePoint acquired Tower National in 2014. Tower previously held a total of eighteen branch locations.

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How do I cancel my tower policy?

Whatever the reason, if you need to cancel your insurance policy fill out our form below or give us a call on 0800 379 372 and one of our team will get it sorted for you.

Who owns insurance Australia?


These products are distributed by RACV and manufactured by Insurance Manufacturers of Australia Pty Limited (IMA), which is 70% owned by IAG and 30% by RACV.

What insurance companies are owned by IAG?

IAG’s New Zealand businesses, NZI, Lumley Insurance, State, AMI and are the country’s leading general insurance providers.