Tower sees wealth biz benefitting from new regulation
February 9, 2010
Tower expects changes in regulations for the insurance and financial services industries to be good for its risk insurance and wealth management business, shareholders were told at their annual meeting.
Tower has concentrated on its marketing initiatives and getting the basics right, said group managing director Rob Flannagan.
Good growth has occurred across every one of Tower's three businesses; health and life, general insurance and investments, with customer satisfaction and services levels remaining high - which in turn means retention rates are high.