New Zealand insurer Tower has secured a five-year referral deal to supply general insurance to Kiwibank’s retail banking customers. 

Kiwibank customers can choose to insure assets directly with Tower, which has similar referral agreements with the Kiwi Adviser Network, New Zealand Financial Services Group and Trade Me, among others. 

“We’re thrilled about the opportunity to welcome Kiwibank customers to Tower and to be joining forces with another Kiwi born and bred business,” CEO Blair Turnbull said. 

“This referral agreement presents a strategic opportunity for Tower and aligns with our focus on growing our home insurance portfolio.”