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OUR HISTORY OVER THE PAST 100 YEARS
1898
Peter Baine Ltd, General Merchant covering Eastern Waikato & Thames Valley was appointed area agent for New Zealand Insurance providing insurance protection for Domestic, Commercial Business, Farmers & Local Councils & Boards. This arrangement continued until the late 1930's when New Zealand Insurance, appointed a district representative to work from Peter Baine Ltd's office to service the increasing volume of agency business.
1947
LPA Potter, the former New Zealand Insurance district representative, purchased the business of Peter Baine Ltd and the growth of the agency accelerated.
1954
Don & Val Towes joined Peter Baine Ltd with particular interest in the Insurance business. They quickly set in motion policies to firstly consolidate and then expand the agency coverage.
1973
Don & Val Towes acquired the total insurance business & established it as a stand-alone enterprise trading as Peter Baine (1973) Ltd. Shortly after this, the agency was upgraded to a Chief Agent for New Zealand Insurance. At this stage it was the largest agency outside the main centres in New Zealand.
1982
With significantly increased demand for wider and varied insurance products, it became necessary to restructure the business to utilise multiple insurance companies both local and international. Following on from this expansion, a more appropriately named company (Towes Insurance Brokers Ltd) was formed.
1988
Paul Towes joined the company and in addition to marketing took control of the development of computer and telecommunication services to meet the growing need of a progressive broking business.
1996
With the need to increase broker strength, Owen McCabe joined Towes Insurance Brokers Ltd after 14 years as Manager of New Zealand Insurance Morrinsville. As an Associate of the Insurance Institute of New Zealand combined with his wealth of knowledge of the industry, he has contributed considerably to the growth of the Company.
1999
Continuing company expansion has led to the need for more effective customer service. Currently under development is our Corporate World Wide Web Site which will provide increases in our speed and spread of intercommunications with existing and prospective new clients.
2003
To further maximise our strength in the marketplace, Towes joins the BrokerWeb Group. BrokerWeb is a consortium of respected NZ owned and operated independent Brokers who recognize the considerable benefit of joining and working together. The BrokerWeb Group manages in excess of $145 million in premium income and as a member it enables Towes to provide critical mass and capability in managing the considerable changes occurring within the Insurance Industry.
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