Company: RAC Insurance Page 1 / 1
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- October 8 2026
IAG, RAC seek tribunal review of ACCC’s US$940m deal block
Companies have lodged separate filings with the Australian Competition Tribunal to overturn regulator’s decision.
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- September 23 2026
IAG to seek public benefits approval after competition watchdog halts RAC Insurance acquisition
Australian Competition and Consumer Commission says the deal would likely substantially lessen competition in the supply of motor, home and contents insurance in Western Australia, while IAG says it would create long-term benefits for members, customers and communities.
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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.
