Company: RAC Insurance Page 1 / 1
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- July 23 2026
Australia motor body calls out IAG’s ‘fig leaf’ remedy, urges ACCC to block RAC acquisition
IAG made a remedy offer in July to secure approval for its US$970m acquisition of the Royal Automobile Club of Western Australia’s insurance business.
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- July 10 2026
IAG makes remedy offer to ACCC to secure US$970m RAC deal approval
Acquisition is currently in a phase two investigation by the Australian Competition and Consumer Commission (ACCC) due to antitrust concerns.
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- March 5 2026
Australia’s competition watchdog reopens review of IAG-RAC deal
Australian Competition and Consumer Commission begins a new assessment after the insurer reapplied under updated merger laws.
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- September 25 2025
IAG’s RAC Insurance acquisition faces member disquiet, club’s CEO claims deal is ‘best path forward’: report
The deal being scrutinised by ACCC, which said it can potentially weaken competition in the supply of motor and home and contents products in Western Australia.
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- September 4 2025
IAG’s acquisition of RAC Insurance sparks antitrust concerns
Antitrust regulator warns of reduced competition in the supply of motor and home insurance in Western Australia.
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- May 15 2025
IAG to acquire RAC Insurance in US$870m deal
Deal includes a US$612m, 20-year exclusive distribution agreement with The Royal Automobile Club of Western Australia for RAC branded home, motor and niche insurance products.
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- February 5 2025
IAG, Allianz said to be in the race for RAC Insurance: report
The Royal Automobile Club of Western Australia had hired boutique advisory firm Barrenjoey to conduct a strategic review including for its insurance arm.
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- December 5 2024
RAC Insurance engages Barrenjoey for strategic review: report
The review aims to identify growth opportunities and enhance competitiveness in a changing market. This includes potential expansions into areas such as driverless cars and smart home technologies.
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- November 1 2023
APRA applies US$12.7m capital requirement to RAC Insurance after governance review
A review by the regulator revealed significant weaknesses in areas of outsourcing controls, conflict management and board decision making at the Western Australia motor insurer.
