Insurance Comparison News
Tower Float Battles Against Tide
Thursday September 23, 1999
New Zealand insurance and funds manager Tower Corp looks likely to float near the lower end of its indicative price range due to lacklustre demand from fund managers. The $NZ350 million ($287 million) offering is being hampered by the downturn in the insurance sector which has left the float pricOur Demutual Friend
Wednesday September 8, 1999
Floating would mean a change of priorities for the NRMA. While the demutualisation and float proposal for NRMA Insurance Ltd has not been finalised, nor put to members - and won't be until later this year, as it must first go through a court approval process - pundits are talking up the stock anyQbe Survives Catastrophes
Thursday September 2, 1999
QBE Insurance has emerged from the worst year of catastrophes in its 113-year history to post a better-than-expected 30 per cent increase in net profit to $124 million. The insurance industry experienced what QBE calls an unprecedented series of natural and man-made disasters during 1998-99 but,