1yon MSN
RACQ makes $1b deal with insurance giant IAG, which is being sued for allegedly misleading customers
RACQ is selling its insurance arm in a $1 billion deal to a insurance giant currently being sued for allegedly misleading ...
The deal, expected to add $1.3bn in gross written premium to the national insurer, will see IAG buy 90 per cent of RACQ’s insurance business, with an option to snap up the rest, for $855m. The ...
That deal never eventuated but, according to Hunter Green IB analyst Mark Tomlins, it may be keen to have another look. IAG already has experience running the insurance operations for motoring clubs, ...
IAG boss Nick Hawkins says the RACQ deal was a ‘true partnership’, noting it’s built on the ‘proven track record of working collaboratively with leading member motoring organisations that share our ...
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