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An announcement from Tower Limited ( (AU:TWR) ) is now available.
Tower Limited has announced a new partnership with Westpac NZ to offer general insurance products to the bank’s retail customers starting in July 2026. This collaboration will enable Tower to integrate its data-driven insurance services into Westpac’s digital banking platform, allowing customers to manage their insurance needs seamlessly. The partnership aligns with Tower’s strategic focus on growing its home insurance portfolio and aims to contribute to a 10% to 15% growth target by FY27. The initial term of the partnership is five years, and it does not require regulatory approvals.
More about Tower Limited
Tower Limited is a prominent insurer in New Zealand, providing a range of general insurance products including house, contents, motor, and landlord insurance. The company focuses on leveraging data-driven solutions to enhance customer experiences and has a strategic goal of expanding its home insurance portfolio.
Average Trading Volume: 44,012
Technical Sentiment Signal: Buy
Current Market Cap: A$519.9M
Learn more about TWR stock on TipRanks’ Stock Analysis page.