TWR - Tower Insurance.

[Harvey Specter]

Brian Gaynor poses a few questions for shareholders to ask at next Wednesday's Annual Meeting.

http://www.nzherald.co.nz/business/n...ectid=11195066

while still the directors fault, what he doesn't point out is that is that it was GPG who were pushing for the break-up as part of their liquidation.

It's now a shell of its former self and one does have to wonder what it's future is.

[bull....]

yea GPG pushed the breakup thru

One of the best div yields available now i believe, but one still needs to know if they are going to grow the general insurance business or are they are just going to what to be taken over at some time

[bull....]

yea GPG pushed the breakup thru

One of the best div yields available now i believe, but one still needs to know if they are going to grow the general insurance business or are they are just going to what to be taken over at some time

[brucey09]

Snr Bul (el toro)
I am thinking business small and profits ok. With more return capitals coming? Yes?

yea GPG pushed the breakup thru

One of the best div yields available now i believe, but one still needs to know if they are going to grow the general insurance business or are they are just going to what to be taken over at some time

[macduffy]

while still the directors fault, what he doesn't point out is that is that it was GPG who were pushing for the break-up as part of their liquidation.

It's now a shell of its former self and one does have to wonder what it's future is.

And that was Brian Gaynor's point. Directors have an obligation to act in the best interests of all its shareholders - and not be pushed around by whoever happens to have the biggest shareholding. And shareholders need to take a more active interest in their company - acting as owners and not merely passive investors. The bottom line is that it will be our own fault if we get short changed on this - and other occasions.

[brucey09]

Snr. Macduffy
I am to agree. Standing up is important toward directors.

[bull....]

nib seems to have done a much better job with there purchase of towers health insurance business, turned it around from 4 yrs of customer losses already

[Harvey Specter]

nib seems to have done a much better job with there purchase of towers health insurance business, turned it around from 4 yrs of customer losses already

They have definitely given Southern Cross a kick. Their $9.9pw policy for general medical has made SC retaliate with a new (don't remember it previously) general medical policy for $1pd.

Competition seems to be doing good for the consumer.

[brucey09]

nib seems to have done a much better job with there purchase of towers health insurance business, turned it around from 4 yrs of customer losses already

Snr. Bull
Si but what is Nibs margins - poor. Yes?

[macduffy]

Probably, brucey.

NZ is only a small part of Nib's business. As long as it can afford to build market share without increasing premiums or compromising service I'll be happy - as a policy holder.