Tower reports HY23 loss amidst surge in catastrophic event costs
Reinsurance News - May 25, 2023
New Zealand insurer Tower Limited has reported a loss of $5.1 million for the half year to March 31, 2023, as costs related to large catastrophic events rose to $33.9 million in this period. The loss compares to a year-ago profit of $3 million, the insurer noted. Costs related to large catastrophic...
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