February 28, 2018 / 8:12 PM / in 3 months

BRIEF-Tower "‍Expects Gross Impact Of Cyclone Gita To Be Between NZ$5 - NZ$8 Million"

March 1 (Reuters) - Tower Ltd:

* ‍IN 4 MONTHS TO 31 JAN 2018, GROSS WRITTEN PREMIUM THROUGH DIGITAL CHANNELS WAS NZ$5.9 MILLION​

* “‍EXPECTS GROSS IMPACT OF CYCLONE GITA TO BE BETWEEN NZ$5 - NZ$8 MILLION”​

* “TOTAL AFTER-TAX IMPACT OF ALL ABOVE WEATHER ACTIVITY IS ESTIMATED TO BE NO MORE THAN NZ$7 MILLION AT THIS TIME”

* NON-CATASTROPHE REINSURANCE PROGRAMME WILL NOT HAVE BEEN FULLY UTILISED, COVER REMAINS AVAILABLE FOR POTENTIAL EVENTS SECOND HALF​ Source text for Eikon: Further company coverage:

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