I contacted Tower and got a bit more information on reinsurance. They advised the aggregate programme will cover the recent floods up to $7.5m. Should the event ultimately exceed $10m, Tower’s catastrophe programme cuts in. This is reflected in the diagram attached (from page 20 of our half-year results presentation). Tower aggregate cover for large events.PNG
So it’s all honky dory then …..no change to guidance and dividend still coming
Hope weather plays it part next month
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Originally Posted by 850man
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