TWR - Tower Insurance.

[JohnnyTheHorse]

Whole insurance sector grappling with adverse weather events - used to be 'abnormals & one-offs' but these days, normal occurrences.

Premiums really need to rise and keep rising for the industry to reflect new normal?

Agree with what you're saying. I think with things going digital risk premiums are going to become far more accurate and go upwards. Most people have probably already seen this already with their own insurance.

With Bain holding ~20% I see this mainly as a takeover play. They are surely shopping it around.

[trader_jackson]

TWR would have to be one of the most undervalued, or perhaps the most undervalued stock on the NZX right now... then again, that isn't saying much as many stocks are either ridiculously overvalued or at least overvalued.
There have been significant director purchases recently (something not really happening on any other NZX stocks) and that can only be good one would think.

[KJMLimited]

TWR would have to be one of the most undervalued, or perhaps the most undervalued stock on the NZX right now... then again, that isn't saying much as many stocks are either ridiculously overvalued or at least overvalued.
There have been significant director purchases recently (something not really happening on any other NZX stocks) and that can only be good one would think.

I agree. Insider purchases and sales are the best guide to prospects. They are far more important than any valuation technique. No one, even Directors, will buy if they think they are going to lose money.

[Balance]

I agree. Insider purchases and sales are the best guide to prospects. They are far more important than any valuation technique. No one, even Directors, will buy if they think they are going to lose money.

Chairman has been buying and buying over the last few years - first significant purchase being in 2017.

http://nzx-prod-s7fsd7f98s.s3-websit...986/271844.pdf

Hopefully his faith will be rewarded along with those who follow him into Tower shares.

[Balance]

https://www.newstalkzb.co.nz/news/na...uined-by-rain/

Losses could be as high as $50m and more if the rain does not stop.

This covered by insurance?

[winner69]

Interesting article

What Lies Beyond Digital for Insurance Operations?



https://www.bcg.com/publications/202...e-of-insurance

[Antipodean]

https://www.newstalkzb.co.nz/news/na...uined-by-rain/

Losses could be as high as $50m and more if the rain does not stop.

This covered by insurance?

Depends on the wording on the insurance contract.

Typically, replacement of contents style policies cover 'unforeseen events.' Is heavy rain really fitting into this category?
More business interruption style policies also rely on an underlying event that triggers it (eg EQ closes CBD).


I note in less than 2 months (since 26/11/2020), 5 directors and the new CEO have bought on market.

[nztx]

Depends on the wording on the insurance contract.

Typically, replacement of contents style policies cover 'unforeseen events.' Is heavy rain really fitting into this category?
More business interruption style policies also rely on an underlying event that triggers it (eg EQ closes CBD).


I note in less than 2 months (since 26/11/2020), 5 directors and the new CEO have bought on market.

perhaps they tuned into the wrong set of weather gods ?

[KJMLimited]

AGM on Tuesday next week..

[KJMLimited]

Umm sorry I misread the notice. 23 Feb not Jan. I got far too excited about an insurance company AGM.