TOWER Insurance has paid ANZ bank its profit share of $211,411.
In a brief ceremony the TOWER Insurance country manager, Jeremy Masalo, presented the cheque to ANZ Solomon Islands CEO, Geoffrey Buchanan.
TOWER Insurance is the underwriter for ANZ.
A statement from the bank said, the payment was the culmination of a profitable partnership within the 2015 financial year.
“As an agent, ANZ receives from TOWER Insurance a profit share at the end of each financial year; in addition to monthly and quarterly commission payments.”
TOWER’s Country Manager expressed TOWER’s appreciation for the continued commitment shown by ANZ in selling insurance policies on behalf of TOWER Insurance right throughout the ANZ retail network.
With 2016 looking to be more promising, the relationship can only get stronger.