August 30, 2017 / 8:49 PM / 2 months ago

BRIEF-Tower Ltd appoints Jeff Wright as chief financial officer

Aug 31 (Reuters) - Tower Ltd:

* Business performance for four months ending 31 July 2017 remains in line with company’s half year update

* Appointment of Jeff Wright as chief financial officer

* Continues to consider a capital raise

* Overall, GWP across Tower Group is up 1.9% as at 31 July 2017, compared to same period prior year

* “Financial impact of two South Island winter storms in July will be no more than NZ$1.2 million after tax”

* As at 31 July 2017, claims costs for New Zealand business, excluding large loss events, are $1.9 million higher than prior year

* All figures in NZ$ Source text for Eikon: Further company coverage:

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