Tower falls to reported loss as large event costs rise to $55.6m for FY23
Reinsurance News - Nov 23, 2023
Kiwi insurer Tower has reported a net loss for the year ended September 30 2023, as the firm’s combined ratio deteriorated by more than 10 percentage points on the back of an elevated catastrophe loss experience. For the year to 30 September 2023, the insurer recorded an underlying profit incl...
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