TAL
Stock Code
Stock Exchange
TOWER Australia Group (TAL) is a specialist life insurance services provider. The principal activities of the Company include catering of life insurance services, management of funds, risk superannuation, provision of financial advice and investment management. TOWER Australia Group listed on the Australian Stock Exchange on 21st November, 2006. There are two main operating divisions of the Company comprising life insurance and funds management, and other financial services.
Japanese life insurance group, Dai-Ichi Mutual Life Insurance received approval from the Australian Prudential Regulation Authority (APRA) to increase is ownership of Tower Australia (TAL) from its existing 29.7 percent to 49.9 percent without having to seek approval from the Foreign Investment Review Board. Their current stake was bought in August 2008 when Tower was at $3.75 per share, yesterday's close was at $2.52 per share.
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