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The latest update is out from Tower Limited ( (AU:TWR) ).
Tower Limited has successfully renewed its reinsurance program for the fiscal year ending September 2026, achieving comprehensive coverage at competitive rates. The renewal reflects Tower’s commitment to financial resilience and sustainable growth, with a reduction in reinsurance premium expense and enhanced partnerships with global reinsurers. Key highlights include an increased catastrophe upper limit and structural changes in protection for large property risks, supporting Tower’s ability to maintain competitive pricing and protect against volatility.
More about Tower Limited
Tower Limited is a New Zealand-based insurance company that operates in the home, motor, boat, and commercial insurance sectors across New Zealand and Pacific markets.
Average Trading Volume: 44,732
Technical Sentiment Signal: Buy
Current Market Cap: A$526.9M
Learn more about TWR stock on TipRanks’ Stock Analysis page.