TWR - Tower Insurance.

[Grimy]

I did buy a small number yesterday, having last had Tower when I sold at $2.08 in 2008.......

[Leemsip]

Sell high, (wait 16 years, fingers hovering over the keyboard), buy low.....
Respect

[Grimy]

Sometimes I jump too soon. Sometimes I jump too late........

[percy]

www.chrislee.co.nz
This week's "Market News" covers Tower.

[Rawz]

26/04/2024 08:30
CREDIT
NOT PRICE SENSITIVE
REL: 0830 HRS Tower Limited

CREDIT: TWR: AM Best affirms Tower Limited's A- (Excellent) FSR

26 April, 2024

AM Best affirms Tower Limited's A- (Excellent) Financial Strength Rating

Global credit rating agency AM Best has affirmed Tower Limited's Financial
Strength Rating as A- (Excellent), with a stable outlook, after completing
its annual review. Tower's Long-Term Issuer Credit Rating was also affirmed
as a- (Excellent), with a stable outlook.

The ratings reflect Tower's balance sheet strength, which AM Best assesses as
very strong. AM Best expects Tower's risk-adjusted capitalisation to remain
at least at the very strong level over the medium term.

AM Best also noted Tower's adequate operating performance, neutral business
profile and appropriate enterprise risk management, in addition to the
company's strong financial flexibility, prudent reinsurance programme and
conservative investment strategy.

Tower Chair, Michael Stiassny welcomed the AM Best rating affirmation, noting
that it supports the confidence investors and customers have in Tower's
financial stability and performance.

Further details of Tower's AM Best rating can be found in the following link:
https://news.ambest.com/PR/PressContent.aspx?altsrc=2&refnum=34630

ENDS

[Leemsip]

General consensus of higher inflation. Stocks coming off today. Should be good for TWR float though.