RACQ is 119 years old and its insurance division is 50 years old. IAG sprung out of the 2002 demutualisation of the New South Wales motorist organisation NRMA - It also operates the insurance ...

IAG was formed after the demutualisation of the NRMA in 2000. IAG has been selling insurance in Queensland through other brands, including CGU, but the RACQ deal is expected to add $1.3 billion to ...