Tower adjusts forecast for large event costs, lifts FY23 guidance

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Reinsurance News - Oct 18, 2023

New Zealand-based insurer Tower has revised its market guidance on underlying net profit after tax for FY23, inclusive of large events, to between $7 million and $10 million, as the firm’s large event costs for the period has come in $1.5 million lower than previously expected. The new profit...

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