Acquiring Company
Insurance Australia Group
Acquired Company
RACQ
SydneyQueenslandFinancial ServicesEmployee BenefitsInsurtechInsuranceFinancial ServicesEmployee BenefitsInsuranceDescription
IAG has completed the acquisition of RACQ’s insurance underwriting business for $855 million. This deal includes a 25-year distribution agreement, making IAG the exclusive partner for RACQ in insurance underwriting. It aims to enhance services for RACQ members through advanced technology. The acquisition is also expected to create new career opportunities for RACQ employees.
Quick answer
Insurance Australia Group is acquiring RACQ for $855 million, announced September 1, 2025. Insurance Australia Group is based in Sydney, New South Wales, Australia.
- How much did Insurance Australia Group pay for RACQ?
- The reported deal value is $855 million.
- What does Insurance Australia Group do?
- Insurance Australia Group (IAG) is a leading general insurance company, providing a diverse range of insurance products.
- Where are Insurance Australia Group and RACQ based?
- Insurance Australia Group is based in Sydney, New South Wales, Australia. RACQ is based in Queensland, Australia.
- Who are the decision-makers at Insurance Australia Group?
- Fundz holds 2 contacts at Insurance Australia Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Employee Benefits
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- Edme Insurance Brokers acquires UIB Insurance (August 11, 2025)
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- Kestrel Group profits surge after Maiden merger (August 26, 2025)
- USI Insurance Services acquires Rogers Insurance Center (August 4, 2025)
- Medgulf merges with Buruj in binding agreement (July 29, 2025)
- Brown & Brown to acquire Accession in Q3 2025 (July 28, 2025)
Who to call at Insurance Australia Group, and when
When Insurance Australia Group changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Insurance Australia Group raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Insurance Australia Group, from your own LinkedIn network
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Fundz sees it the moment Insurance Australia Group makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired RACQ?
RACQ was acquired by Insurance Australia Group, based in Sydney. The deal was reported on September 1, 2025. Insurance Australia Group (IAG) is a leading general insurance company, providing a diverse range of insurance products. The company is focused on delivering innovative and customer-driven solutions. Insurance Australia Group is privately held and operates in Financial Services.
When did Insurance Australia Group acquire RACQ?
Insurance Australia Group's acquisition of RACQ was reported on September 1, 2025. IAG has completed the acquisition of RACQ’s insurance underwriting business for $855 million. This deal includes a 25-year distribution agreement, making IAG the exclusive partner for RACQ in insurance underwriting. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does RACQ do?
RACQ is a leading general insurance company in Australia, aiming to help their 1.7 million members live and move safely, securely and sustainably into the future. It is privately held, operating in Financial Services, and is based in Queensland.
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