Insurance Australia Group Ltd

IAG: XASX (AUS)

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Insurance Australia Group: Partnering Rather Than Competing With RACQ

Nathan Zaia

Nov 28, 2024

Insurance Australia Group has agreed to pay AUD 855 million for 90% of the insurance book of Queensland mutual RACQ and enter a 25-year exclusive agreement to provide its members with general insurance products. The partnership adds AUD 1.3 billion to the insurer's gross written premiums.

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Insurance Australia Group Ltd

Insurance Australia Group: Partnering Rather Than Competing With RACQ

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