logo
The Ultimate Oceania Travel Guide
Business

Tower takes over NPI

Tower has become one of the biggest insurance providers in the Pacific and has rebranded what was National Pacific Insurance (NPI).

As of Tuesday all NPI branches changed their name to Tower, as it acquired all of the company’s shares.

With the takeover, Tower will be bringing new digital capabilities to Tonga, Samoa and American Samoa over the coming months.

It is called the My Tower platform which was introduced in Fiji earlier this year.

Tower Managing Director Pacific Andrew Hambleton said the company has been supporting Pacific and Kiwi communities for over 150 years, operating in New Zealand, Fiji, Vanuatu, the Cook Islands, the Solomon Islands, Tonga, Samoa and American Samoa.

He said My Tower was the first insurance platform in the Pacific that allowed people to pay their insurance premiums, lodge a claim, get a quote, update their personal details, purchase a policy and now view their motor vehicle, house and contents policies, all in one simple online portal.

“We’re the only insurance company in the Pacific that can provide this level of online customer experience. Now that NPI has 100 per cent joined the Tower family, we’re excited to continue our legacy of care and support, along with new ways to help manage your insurance online – simply put, we’re the same trusted team, with new ways to help,” said Mr Hambleton.

Tower Managing Director Pacific Andrew Hambleton said the company has been supporting Pacific and Kiwi communities for over 150 years, operating in New Zealand, Fiji, Vanuatu, the Cook Islands, the Solomon Islands, Tonga, Samoa and American Samoa. Picture – Tower

“You’ll still see and talk to all the same friendly, helpful people in the same places, with new Tower uniforms. You’ll also get a Tower policy when you renew or take out car, contents or house cover. This is a phased rebrand journey so, some policies, including any that cover your business, will stay under NPI for now, unless we let you know otherwise.”

Mr Hambleton said the rebrand launch also signified Tower’s longstanding commitment to Pacific communities.

MORE STORIES:
Telstra purchase of Digicel complete
New submarine cable for New Zealand and Pacific

“Our teams are very enthusiastic about this change. We are thrilled to continue Tower’s mission of revolutionising insurance in the Pacific, by making it easier to use and simpler to access for all of our customers,” he said.

In October 2021, Tower purchased an additional 22 per cent stake in NPI from its second largest shareholder for approximately NZ$3.4m, bringing Tower’s total shareholding to over 93 per cent.

Following this acquisition, Tower purchased the remaining shares from minority shareholders, via a compulsory acquisition as allowed under NPI’s governing documents and local laws. In November 2021, Tower took full ownership of NPI.

Leave a Comment

Your email address will not be published.

You may also like

Send this to a friend