IAG snaps up RACQ's insurance business for $855M
Insurance Australia Group Ltd (ASX:IAG) has bought up the insurance business controlled by RACQ for $855 million, according to a strategic alliance which will see the former deliver general insurance to Queenslanders.
IAG strikes $885 million deal with insurer RACQ
Australia's largest insurer, Insurance Australia Group [IAG], announced an $885 million deal to buy the insurance company owned and operated by Queensland motorist organisation RACQ. RACQ is 119 years old and its insurance division is 50 years old.
IAG and RACQ seal alliance to transform Queensland insurance market
Insurance Australia Group ( IAG) and RACQ have entered into a 25-year exclusive partnership aimed at delivering general insurance products to RACQ members and residents of Queensland. The deal includes the net tangible assets of RACQ’s insurance business and a long-term distribution agreement.
IAG snaps up RACQ insurance in $855m deal
Insurance Australia Group will deploy its growing pile of cash by snapping up the insurance operation of RACQ in the first major expansion of the ASX-listed insurer in years.
IAG Forms Strategic Alliance with RACQ in $855M Deal
Insurance Australia Group Limited (AU:IAG) has released an update.Don't Miss our Black Friday Offers:Unlock your investing potential with
Insurance giant’s $855m lifeline for RACQ
Insurance Australia Group will acquire 90 per cent of shares in Queensland insurer RACQ’s underwriting business in a 25-year “long-term alliance”.
IAG’s big Queensland push with $855m RACQ insurance deal
IAG will buy the insurance business of the Royal Automobile Club of Queensland and struck a 25-year distribution deal to sell products to its 1.7 million members.
Insurance Australia Group (OTCMKTS:IAUGY) Shares Down 0% – Here’s Why
Insurance Australia Group Limited (OTCMKTS:IAUGY – Get Free Report) shares dropped 0% on Tuesday . The stock traded as low as $25.41 and last traded at $25.41. Approximately 148 shares were traded ...
Hello sunshine! IAG can’t resist pull up north
Strategically, the RACQ Insurance acquisition is a sound deal. Its success (or otherwise) comes down to price.
RACQ makes $1b deal with insurance giant IAG, which is being sued for allegedly misleading customers
Sydney-based IAG, the insurance giant behind NRMA, has announced a $1 billion deal to buy the insurance arm of RACQ.
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IAG is deploying 150 Gen AI "activators" across the company
Morgan said IAG has about 150 activators trained and ready. He said these staff are there to help colleagues solve problems, ...