Acquisition Completed
Insurance Australia Group acquisition of RAC WA Insurance business
A$1.4bn enterprise value
Announced May 2025 (approx.) · ASX: IAG
Advisers
RAC WA Insurance business
Target
Not disclosed
Insurance Australia Group
Acquirer
- Legal adviser
- Allens
Team: Vijay Cugati, Julian Donnan, Katherine Tsatsaklas, Angela Zhangbao, Yukimaro Ii, Tom Alchin, Matthew Joffe, Jacqueline Downes, Rosie Finlayson, Sheenae LeCornu, Brock Nelson, Simun Soljo, Gabor Papdi, Lara Duggan, Jessica Mottau, James Kelly, Jia-Lee Lim, Isobel McKenzie, Miriam Stiel, Ellen Thomas
Other advisers
- Legal adviser
- Target
- RAC WA Insurance business
- Acquirer
- Insurance Australia Group
- Seller
- Royal Automobile Club of Western Australia (RAC WA)
- Structure
- Private sale
- Completed
- 20 May 2025
- Sector
- Insurance
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Sources
- 16 May 2025 Allens advises IAG on $1.35bn strategic alliance with RAC WA allens.com.au
- 20 May 2025 Insurance Australia Group's AUD1.35 Billion Strategic Alliance with Royal Automobile Club of Western Australia globallegalchronicle.com
- 1 Sep 2025 IAG completes acquisition of RACQ Insurance ASX