Capital Insurance Group Ltd Announces Acquisition of Tower Insurance (Vanuatu) Limited. Company Release – 05/09/2024

PORT VILA, Vanuatu – Capital Insurance Group Ltd announced that on 30 August 2024, it successfully completed its acquisition of Tower Insurance (Vanuatu) Ltd, now operating as Capital Insurance (Vanuatu) Ltd.

Group Chairman of the Capital Insurance Group Board, Michael O. Koisen OBE ML, said, “This strategic acquisition marks a significant milestone in our expansion within the Vanuatu insurance market and reinforces our commitment to delivering trusted services across the Pacific Region.”

Mr. Koisen added, “Capital Insurance Group Ltd has been in operation for over three decades, with more than ten years of trusted service in Vanuatu, establishing itself as a steadfast partner in safeguarding the futures of our clients.”

Capital Insurance Group is supported by investment-grade reinsurance, ensuring the highest level of security for its clients’ policies.

This acquisition provides Capital Insurance Group access to an expanded retail customer base and enhances its presence in the Pacific, further strengthening its existing insurance operations across Vanuatu, Fiji, Tonga, Papua New Guinea, and the Solomon Islands.