Tower announces partnership with Westpac NZ

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Incorporated in New Zealand
Incorporated in New Zealand
26 September, 2025

Tower announces partnership with Westpac NZ
Kiwi insurer Tower (NZX/ASX: TWR) today announced a new partnership with Westpac NZ to
provide general insurance products to the bank’s retail customers, from July 2026.
Under the agreement, Tower will underwrite and supply house, contents, motor, and
landlord insurance products, which Westpac will offer under its own brand. A referral
arrangement will also be established for Tower’s broader suite of insurance offerings.
“As one of New Zealand’s longest standing insurers, Tower is excited to be partnering with
Westpac and looks forward to supporting its customers throughout Aotearoa,” says Tower
CEO, Paul Johnston.
“Through this partnership, we’ll deliver data-driven insurance experiences integrated into
Westpac digital banking. This includes the ability for customers to purchase, manage, and
claim on policies online, as well as access Tower’s risk-based pricing and natural hazard risk
information about their homes, all within their Westpac online banking experience.”
Mr Johnston added, “This long-term agreement supports Tower’s strategic focus on growing
our home insurance portfolio and contributes to our FY27 target of achieving 10% to 15%
growth,” he said.
The initial term of the partnership is five years. The partnership is subject to Tower and
Westpac entering into an agreement for implementation and ongoing support
arrangements. No regulatory approvals are required for the agreement to proceed.
Ends
This announcement has been authorised by Tower CEO, Paul Johnston.

For media enquiries, please contact:
Kayla Dalrymple
External Communications Manager
+64 27 951 3710
Kayla.dalrymple@tower.co.nz


For investor enquiries, please contact:
Angus Shelton
Interim CFO
+64 212 290 274
angus.shelton@tower.co.nz