IAG Enhances Coverage by Integrating RACQ Insurance into 2026 Reinsurance Program

The integration encompasses several key components:

• Main Catastrophe Cover: RACQ Insurance is now included in IAG's primary catastrophe reinsurance arrangements, ensuring comprehensive protection against significant loss events.
• Whole-of-Account Quota Share (WAQS) Arrangements: The inclusion extends to IAG's WAQS agreements, facilitating a more balanced distribution of risk across the insurer's portfolio.
• Aggregate Stop-Loss Protection: RACQ Insurance is also incorporated into IAG's aggregate stop-loss protection, providing an additional layer of security against cumulative losses.

This development follows IAG's acquisition of a 90% stake in RACQ Insurance in September 2025, a move that added approximately $1.3 billion to IAG's gross written premiums. The successful integration into the reinsurance program underscores IAG's commitment to strengthening its market position and enhancing resilience against catastrophic events.

For policyholders, this integration signifies improved stability and reliability in coverage. By consolidating resources and expanding its reinsurance framework, IAG aims to offer more robust protection, particularly in the face of increasing natural disasters and climate-related risks.

In summary, IAG's incorporation of RACQ Insurance into its 2026 catastrophe reinsurance program represents a proactive approach to risk management. This strategic alignment is poised to deliver tangible benefits to Australian businesses and individuals, ensuring more comprehensive and dependable insurance solutions.