Court of Appeal confirms TOWER''s right to continue insuring ANZ National
customers
Today the Court of Appeal announced it upheld Justice Wylie''s High Court
decision of 11 March 2009 confirming TOWER Insurance Limited''s right to renew
policies sold through ANZ and National Banks.
TOWER Managing Director Rob Flannagan said "We are very pleased with this
decision which confirms the terms of the agency agreements between TOWER and
ANZ National Bank. Our concern has always been to protect the interests of
our customers. We take this opportunity to reassure customers that they will
continue to benefit from their existing relationship with TOWER Insurance."
In its judgment, the Court of Appeal also ruled that TOWER is obliged to
release customers'' private and confidential information to ANZ National Bank
Ltd. TOWER will be challenging this aspect of the judgement.
For further information, please contact
Rob Flannagan
Group Managing Director
09 369 2057
End CA:00196543 For:TWR Type:GENERAL Time:2010-06-25:14:16:15