Who is tower insurance underwritten by?

Who is the underwriter for Tower Insurance?

FinTel is a brand of Tower Insurance, and Tower has always been the underwriter behind the scenes. After many years of offering Kiwis simple and affordable insurance through the FinTel brand, we’ve decided to focus on serving our customers directly through Tower.

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 is tower owned by?

Government Life became a separate statutory body with the passing of the Government Life Insurance Act in 1953. 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.

Does Tower Insurance still exist?

Tower Insurance Limited will become the amalgamated and continuing company, and will change its name to Tower Limited. As a result of the amalgamation: Tower Insurance Limited will be the listed entity on the NZX and ASX with the ticker “TWR”

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.

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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.

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.

Is AA Insurance NZ owned?

Direct Insurer

AA Insurance is a direct-to-the-public insurer. As we are jointly owned by the NZ Automobile Association (and Suncorp) customers are able to buy and update their insurance with us through the national network of AA Centres, online, or over the phone.