Processing timeline
100
days
Filed
3 Mar 2026
Decision Due
26 Aug 2026
Est decision date: 29 Mar 2026. Based on 8 decided Financial Services & Insurance notifications.
Acquirer(s)
INSURANCE AUSTRALIA GROUP LIMITED ABN - 60 090 739 923
Target(s) or Vendor(s)
RAC INSURANCE PTY LIMITED ABN - 59 094 685 882, RACI PTY LIMITED ABN - 40 008 671 805
Other parties
THE ROYAL AUTOMOBILE CLUB OF WA INC ABN - 33 212 133 120, RACWA HOLDINGS PTY LTD ABN - 60 008 985 877
Insurance Australia Group proposes to acquire 100% of the issued share capital in RAC Insurance from RACI Pty Ltd, a subsidiary of the Royal Automobile Club of Western Australia Inc. This share sale involves two general insurance companies active in personal lines general insurance, including home and motor insurance, in Australia.
Insurance Australia Group ( IAG ) proposes to acquire 100% of the issued share capital in RAC Insurance ( RACI ) from RACI Pty Ltd, a wholly owned subsidiary of the Royal Automobile Club of Western Australia Inc ( RAC ) (the Acquisition ). The Acquisition does not include RAC's roadside assistance business which will continue to be operated independently by RAC. IAG is a general insurance company operating in Australia and New Zealand. IAG provides a range of personal and commercial insurance products under various brands, including NRMA Insurance, Swann Insurance, ROLLiN’, Cylo, Lumley Special Vehicles and RACQ. RAC is a Western Australia based member-owned organisation (and, effective from 26 June 2026, a company limited by guarantee) that provides roadside products, general insurance products, and other ancillary services to its members. RAC issues general insurance products to customers through its wholly owned subsidiary RACI under the RAC brand. IAG and RACI are both active in the manufacture and supply of personal lines general insurance, including home insurance and motor insurance products in Australia.
The period for providing submissions or information in response to the ACCC’s Phase 2 Notice has concluded.