News

TOWER life business sold

Friday 10th of May 2013

Fidelity Life has purchased most of TOWER’s life insurance business.

The announcement this morning confirms a rumour that has been circulating in the market for months.

Fidelity Life will assume management of Tower Health and Life’s in-force business and the group risk business of Tower Life New Zealand.

The aggregate value of the transaction for TOWER, including cash consi...

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