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About Tower Limited
TWR has divested its life insurance assets and is now a pure general insurer. It is driving a niche, differentiated strategy evolving around digital and non-mainstream products. TWR operates its general insurance business in New Zealand and across the Pacific, with a ~80:20 GWP split. The company has a ~4.7% market share in the NZ general insurance industry. TWR has settled 94% of Christchurch earthquake related claims (84% by value) and is targeting over 95% by the end of 2015.