Acquiring Company
Insurance Australia Group
Acquired Company
RAC Insurance
Sydney
United KingdomFinancial ServicesEmployee BenefitsInsurtechInsuranceAutomotiveInsuranceDescription
Insurance Australia Group's proposed $1.35 billion acquisition of RAC Insurance is facing an in-depth Phase 2 review by the competition regulator. This scrutiny aims to assess the impact on competition in Western Australia's insurance markets. The acquisition is deemed strategically important by IAG, integrating RAC's distribution strengths with its own capabilities.
Quick answer
Insurance Australia Group is acquiring RAC Insurance, announced April 17, 2026. Insurance Australia Group is based in Sydney, New South Wales, Australia.
- How much did Insurance Australia Group pay for RAC Insurance?
- The deal value was not disclosed.
- What does Insurance Australia Group do?
- Insurance Australia Group (IAG) is a leading general insurance company, providing a diverse range of insurance products.
- Where are Insurance Australia Group and RAC Insurance based?
- Insurance Australia Group is based in Sydney, New South Wales, Australia. RAC Insurance is based in United Kingdom.
- Who are the decision-makers at Insurance Australia Group?
- Fundz holds 2 contacts at Insurance Australia Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Higginbotham acquires Harmon Dennis Bradshaw in Alabama (April 16, 2026)
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Who to call at Insurance Australia Group, and when
When Insurance Australia Group changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Insurance Australia Group raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Insurance Australia Group, from your own LinkedIn network
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Related People
Frequently asked
Who acquired RAC Insurance?
RAC Insurance was acquired by Insurance Australia Group, based in Sydney. The deal was reported on April 17, 2026. Insurance Australia Group (IAG) is a leading general insurance company, providing a diverse range of insurance products. The company is focused on delivering innovative and customer-driven solutions. Insurance Australia Group is privately held and operates in Financial Services.
When did Insurance Australia Group acquire RAC Insurance?
Insurance Australia Group's acquisition of RAC Insurance was reported on April 17, 2026. Insurance Australia Group's proposed $1.35 billion acquisition of RAC Insurance is facing an in-depth Phase 2 review by the competition regulator. This scrutiny aims to assess the impact on competition in Western Australia's insurance markets. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does RAC Insurance do?
RAC Insurance is a leading provider of automotive insurance solutions in the UK. The company offers a range of products tailored for various customer needs, including telematics insurance. It is privately held, operating in Automotive, and is based in United Kingdom.
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