Acquiring Company
Insurance Australia Group
Acquired Company
RAC Insurance (RACI)
SydneyPerthFinancial ServicesEmployee BenefitsInsurtechInsuranceTravelDescription
Insurance Australia Group will acquire the insurance business of the Royal Automobile Club of Western Australia for A$400 million. Additionally, a 20-year licensing agreement will provide IAG with exclusive rights to deliver RAC's branded insurance products. The total transaction value is approximately A$1.35 billion. The acquisition is expected to enhance IAG's market position and service offerings.
Quick answer
Insurance Australia Group is acquiring RAC Insurance (RACI), announced May 14, 2025. Insurance Australia Group is based in Sydney, New South Wales, Australia.
- How much did Insurance Australia Group pay for RAC Insurance (RACI)?
- 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 (RACI) based?
- Insurance Australia Group is based in Sydney, New South Wales, Australia. RAC Insurance (RACI) is based in Perth, Western Australia, Australia.
- 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.
Other recent acquisitions in Financial Services and Employee Benefits
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- BCIC acquires JN General Insurance for growth (June 11, 2025)
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- Brown & Brown to acquire Risk Strategies for $10 billion, $10B (June 9, 2025)
- Ageas to acquire esure Group for EUR 550 million (April 15, 2025)
- IAG to acquire RAC Insurance business (June 23, 2025)
- The Clear Group acquires Surrey insurance broker (June 19, 2025)
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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Fundz sees it the moment Insurance Australia Group makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired RAC Insurance (RACI)?
RAC Insurance (RACI) was acquired by Insurance Australia Group, based in Sydney. The deal was reported on May 15, 2025. 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 (RACI)?
Insurance Australia Group's acquisition of RAC Insurance (RACI) was reported on May 15, 2025. Insurance Australia Group will acquire the insurance business of the Royal Automobile Club of Western Australia for A$400 million. Additionally, a 20-year licensing agreement will provide IAG with exclusive rights to deliver RAC's branded insurance products. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does RAC Insurance (RACI) do?
RAC Insurance is a subsidiary of the Royal Automobile Club of Western Australia, providing insurance services to its members and the broader public. The company offers a variety of insurance products, including home, motor, and niche insurance. It is privately held, operating in Travel, and is based in Perth.
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