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 Executive Officer David Carter said: RACQ is pleased to partner with IAG, a leading general insurance company in Australia, to help our 1.7 million members leave and move safely, securely and…
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