The 120-year-old motoring club has threatened to abandon their loss-making Compulsory Third Party operation after attracting too many riskier drivers and older vehicles under the scheme, which ­covers ...

RACQ has shopped the business around to other potential buyers including to South African insurers Auto & General and Hollard but Sydney-based IAG has emerged as the favoured buyer last year. IAG ...

A motoring giant won’t be offering compulsory third party insurance after suffering heavy financial losses because of the scheme. RACQ chief executive officer David Carter said the scheme was no ...

Analysts say the buyback announcement means any plans for a war chest to acquire the Queensland insurance operations have been canned. RACQ has shopped the business around to other potential buyers, ...

RACQ chief executive David Carter said while the club had built a strong reputation for claims management, it was no longer viable to continue participating in the scheme. “The scheme’s design allows ...

RACQ is planning to exit the loss-making compulsory third party (CTP) insurance business potentially leaving more than a million motorists in the lurch as it faces growing financial trouble. The ...

RACQ’s deal to sell its troubled insurance business to IAG in a deal worth an expected $500m is dead in the water posing big challenges for the Queensland motoring group. RACQ has shopped the business ...

Don't miss out on the headlines from Business. Followed categories will be added to My News. RACQ has shopped the business around to other potential buyers including to South African insurers Auto & ...