Insurance Australia Group Ltd

IAG: XASX (AUS)
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Insurance Australia Group: Bringing Regional Member-Owned Insurers Under One Roof

Insurance Australia Group has agreed to pay AUD 1.35 billion for the insurance book of The Royal Automobile Club of Western Australian and enter a 20-year exclusive agreement to provide its members with insurance products. It adds AUD 1.5 billion to the insurer's gross written premiums.

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