
Insurance
TOWER discussing its solvency with RBNZ
Wednesday 17th of July 2013
The company made a brief announcement to the Stock Exchange yesterday saying has a provisional licence under the new prudential supervision laws.
It was discussing conditions with the regulator “including an increase to minimum solvency margin.”
"A further announcement regarding the outcome of this discussion, including any alterations in the conditions, will be made in due course...
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