Tower insurance hit with review status downgrade
The rating agency said the decision came after the Commerce Commission of New Zealand refused to grant clearance for Vero Insurance to acquire the company
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Broker acquisitions – the key to success
Global M&A expert sheds light on how to succeed with M&As whether you are the acquirer or the target
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ComCom reveals rationale for Vero/Tower decision
What is the difference between the proposed Vero acquisition of Tower and the IAG-Lumley deal?
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Suncorp sees price increases
Earthquake impact being felt with “significant level of price hardening”
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Speculation mounts over the future of Tower
A financial services website has featured an analysis of the insurer’s situation
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Suncorp sees NZ profit dip
Suncorp has announced that its net profit after tax in New Zealand fell from AU$183m in FY16, to AU$82m as it was impacted by the Kaikoura earthquake and additional claims from the Canterbury earthquake
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NZ First lashes out at OIO over insurer sale
Competency of office has to be “seriously questioned,” leader claims
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Commerce Commission declines Vero, Tower clearance
The New Zealand Commerce Commission has declined Vero’s application to acquire Tower
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Industry speaks out on increased regulation
A “one size fits all” approach to insurance regulation may not be the best option
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FENZ Act penalties for levy shortfalls
Penalties range from not taking reasonable care to taking an abusive levy position