IAG to acquire 90% of RACQ’s insurance underwriting business
Reinsurance News - Nov 28, 2024
Australian insurer IAG is to acquire 90% of RACQ’s existing insurance underwriting business for $855m, under a 25-year exclusive partnership between the two companies. According to the announcement, IAG also has the option to acquire the remaining 10% in two years on similar terms. RACQ Chief Execut...
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