About Tower Insurance
Tower Insurance is a publicly listed company based in Auckland (New Zealand) founded in 1869, and was acquired by Fairfax Financial Holdings in February 2017. Diversified insurance services are provided across New Zealand by Tower. The company has 915 employees. Its chief executive, as recorded, is Blair Turnbull. Its website tower.co.nz draws about 252 thousand monthly visits. Tower Insurance offers products and services including Car Insurance, House Insurance, Contents Insurance, and Travel Insurance. Its focus areas include Insurance Carriers and Diversified. Its legal entity is Tower Limited. Its competitors include AMI Insurance, Quest Insurance and Sovereign.
Company details
Tower was founded in 1869 in Auckland, New Zealand, as a diversified insurance firm. Operations are conducted in the financial services sector, where a variety of insurance products and policies are offered to individuals and businesses. Coverage includes home, contents, health, and life insurance, with services extended nationwide. The company is led by CEO Blair Turnbull, and headquarters remain in Auckland.
- Headquarters Auckland, New Zealand
- Employees 915
- Stage Acquired
- SectorsFinancial Services
- Website category Finance · Insurance
- Email••••••••
- Phone•••• ••••
- Website tower.co.nz
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Fairfax Financial Holdings (Feb 2017)
- Legal Name Tower Limited
- Annual Revenue$357.89 M (USD)6.64as on Sep 30, 2025
- Net Profit$48.5 M (USD)15.74as on Sep 30, 2025
- Investors
- Employee Count915
- Acquired byFairfax Financial Holdings
(Feb 2017)
Products & Services of Tower Insurance
Tower Insurance offers a comprehensive portfolio of products and services, including Car Insurance, House Insurance, Contents Insurance, and Travel Insurance.
Covers vehicles against accidents and damages
Protects homes from natural hazards and events
Insures household items and belongings
Provides coverage for trips and emergencies
Apps and channels of Tower Insurance
its YouTube channel Tower Insurance has 1.29K subscribers and 16 videos.
Videos from Tower Insurance
The most watched videos on Tower Insurance's YouTube channel, Tower Insurance (1.29K subscribers). Click a video to play it here.
More on Tower Insurance.
Investors in Tower Insurance
Tower Insurance has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Fairfax Financial Holdings.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Property & casualty insurance company | 1985 | fairfax.ca | Toronto, Canada |
Investor details for Tower Insurance
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People of Tower Insurance
141 people are tracked at Tower Insurance (22 in leadership, 4 in board & advisors, 115 in team); the tracked headcount is 915.
| Name | Role | Group |
|---|---|---|
Blair Turnbull | CEO | Leadership |
Victoria Palfrey (Irwin) | Head Of Remediation | Leadership |
Andrew Hambleton | Chief Administrative Officer | Leadership |
Paul Johnston | CFO | Leadership |
Sharyn Reichstein | Chief Risk Officer | Leadership |
Ron Mudaliar | Chief Underwriting Officer | Leadership |
Steve Wilson | Chief Claims Officer | Leadership |
Kieran Simmons | Head Of Process Excellence & Transformation | Leadership |
Michelle Finch | Chief Customer And Marketing Officer | Leadership |
James Silcock | Head Of Strategy, Planning, And Investor Relations | Leadership |
Nameeta Sharma | Risk Business Partner | Leadership |
Emily Davies | Head Of Corporate Affairs & Sustainability | Leadership |
Shazneen Hajati | Senior Finance Business Partner | Leadership |
Darren Beattie | Head Of Information Security | Leadership |
Sol Chun | Finance Business Partner | Leadership |
Kushla Glauser | Head Of Brand And Acquisition Marketing | Leadership |
Hema Rajesh Nair | Head Of Claims- Customer Channel | Leadership |
Apurva Joshi | Finance Business Partner | Leadership |
Lisa Maxwell | Head Of Tower Natural Disaster Response | Leadership |
Joanne Rasmussen | Head Of Pacific Retail Distribution - Pacific, Tower Insurance | Leadership |
121 more people are available in the full profile.
Complete people profiles for Tower Insurance
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IPO & Listings of Tower Insurance
Tower Insurance is a publicly listed company on the NZX with ticker symbol TWR in New Zealand, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date28 Sep 1999
- Listed onASX: TWR
- Listed entityTower Limited
- Exchange sectorFinance
- ISINNZTWRE0011S2
- Share price2.09 NZD (+1.46% on the day) · 2026-10-14
- Market capitalisation707,427,354.00 NZD
- Price to earnings12.7
- EPS (diluted, trailing year)0.17 NZD
- Dividend yield12.22%
- Volume (last session)175,581
Financials of Tower Insurance
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 617.5M NZD | 83.7M NZD | |
| 2024 | 579.0M NZD | 72.3M NZD | |
| 2023 | 492.1M NZD | -3.2M NZD | |
| 2022 | 353.1M NZD | 18.8M NZD | |
| 2021 | 331.2M NZD | 18.7M NZD |
Detailed financial statements for Tower Insurance
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Timeline of Tower Insurance
3 dated milestones of Tower Insurance across 148 years, from founding to its latest funding, stage changes and deals.
- Founded Tower Insurance is founded.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by Fairfax Financial Holdings.
Competitors of Tower Insurance
Tower Insurance has 3 listed competitors in our database. They include AMI Insurance, Quest Insurance and Sovereign.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ami.co.nz | 1926 | Auckland, New Zealand | Provider of P&C insurance services | |||
| questinsurance.co.nz | 2004 | Wellington, New Zealand | Provides insurance products for vehicles and protection to New Zealand businesses and individuals. | |||
| sovereign.co.nz | 1989 | Auckland, New Zealand | Insurance coverage is provided by Sovereign in New Zealand. |
Detailed competitors of Tower Insurance
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Web traffic of Tower Insurance
The website of Tower Insurance (tower.co.nz) receives about 252K visits a month and ranks #129,534 among all websites worldwide, #779 in Insurance.
- Monthly visits252K
▲ 7% vs previous month
- Unique visitors131.4K
per month
- Global rank#129,534
among all websites
- Category rank#779
Finance · Insurance
- Bounce rate28%
- Pages per visit6.1
- Average visit4 min 14 sec
- DevicesDesktop 41% · Mobile 59%
Websites whose visitors overlap most with Tower Insurance. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
state.co.nz | state.co.nz | 100% | #123,012 | – | |
| ami.co.nz | 97% | 572.2K | View details | ||
| aainsurance.co.nz | 93% | 450.9K | #60,884 | View details | |
vero.co.nz | vero.co.nz | 76% | #358,934 | – | |
| coveinsurance.co.nz | 69% | 53.8K | #424,364 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Tower Insurance
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Related news about Tower Insurance
Complete news archive for Tower Insurance
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Frequently Asked Questions about Tower Insurance
Tower Insurance was founded in 1869.
Tower Insurance is headquartered in Auckland, New Zealand.
Blair Turnbull is the CEO of Tower Insurance, as recorded in our data.
Tower Insurance has 915 employees.
Annual revenue of Tower Insurance is $357.89M as on Sep 30, 2025.
Tower was founded in 1869 in Auckland, New Zealand, as a diversified insurance firm. Operations are conducted in the financial services sector, where a variety of insurance products and policies are offered to individuals and businesses. Coverage includes home, contents, health, and life insurance, with services extended nationwide. The company is led by CEO Blair Turnbull, and headquarters remain in Auckland.
Tower Insurance's top competitors include AMI Insurance, Sovereign and Quest Insurance.
Tower Insurance offers Car Insurance, House Insurance, Contents Insurance, and Travel Insurance.
Yes, Tower Insurance is publicly traded on NZX under the ticker symbol TWR.
Tower Insurance has 1 investor. Key investors include Fairfax Financial Holdings.
Tower Insurance operates through Tower Limited.
Yes. Tower Insurance was acquired by Fairfax Financial Holdings in February 2017.