If dream deals were solely about what’s strategically sound, Insurance Australia Group boss Nick Hawkins has hit the jackpot at Queensland’s RACQ Insurance.

IAG, whose roots are insuring motoring association members’ cars and homes in NSW and Victoria, will do the same in Australia’s third-largest market, Queensland. It will add the Sunshine State’s RACQ to its now national NRMA Insurance (NSW) and RACV (Victoria) brands.