Sale of Tower Insurance (Vanuatu) Limited to Capital Insurance Group
On 16 January 2024, Tower announced the conditional sale of Tower Insurance (Vanuatu) Limited to Capital Insurance Group Limited.
Tower Insurance (Vanuatu) Limited has been in Vanuatu since 2015. We're proud to have served Vanuatu and thank our staff, customers, and partners for their support and continued loyalty throughout this period.
Capital Insurance Group Limited is a general insurer operating in Papua New Guinea, Vanuatu, Fiji, Tonga and the Solomon Islands. It sees the acquisition of Tower's Vanuatu business as being a good fit with its existing operations in Vanuatu. Capital Insurance Group Limited looks forward to welcoming Tower Insurance (Vanuatu) Limited and its staff to its group and continuing to provide Tower customers with high quality service.
The transaction is subject to conditions, including approval by regulatory authorities in Vanuatu and Papua New Guinea. Provided these conditions are fulfilled, the sale is expected to complete in the first half of 2024.
Customer FAQs
For now, nothing is changing. On 16 January 2024 Tower announced the conditional sale of Tower Insurance (Vanuatu) Limited to Papua New Guinea based insurer, Capital Insurance Group Limited. If the sale conditions are satisfied, we expect the sale to take place in the first half of 2024. We will be in touch to update you on progress with the sale in due course.
For now, nothing changes as far as your policies are concerned. All policy terms and conditions remain unchanged. We will be in touch with you in due course to let you know more about the progress of the sale and what will happen when it is completed.
Please contact our local team at our branch in Port Vila for any queries relating to your insurance. Our contact details remain the same - you can call 22101 or email contactus@towerinsurance.com.vu for more information.
Your claim will continue to be processed as normal.
Capital Insurance Group Limited is a privately owned, general insurer operating in Papua New Guinea, Vanuatu, Fiji, Tonga and the Solomon Islands. It provides a range of personal, life and business insurance products and sees the acquisition of Tower Insurance (Vanuatu) Limited as a good fit with its existing operations in Vanuatu