Tower lifts FY27 catastrophe reinsurance limit to NZ$970 million
New Zealand insurer Tower increased its catastrophe reinsurance limit to NZ$970 million ($554.36 million) for the financial year ending Sept. 30, 2027, from NZ$915 million a year earlier, and expects reinsurance costs to fall as a share of premium income. The insurer's event excess remains at NZ$20 million. Tower also