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Tower Limited

( ASX:TWR ) - Insurance

News

Canadian Firm Targets Tower Insurance

A furry of activity in insurance yesterday with Suncorp revealing a 50% plus plunge in profit for its life business in the six months to December, and is now reviewing its ownership; the AMP taking a huge, multi – million dollar hit (first outlined late last year) against its life business and a surprise bid emerged for the NZ based insurer Tower (TWR) from a big Canadian finance group.

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