Insurance Giant’s RAC WA Merger Blocked by Competition Watchdog

Insurance giant’s RAC WA merger blocked by competition watchdog

The Australian Competition and Consumer Commission claimed the acquisition would leave IAG with as much as a 65 per cent share for motor vehicle insurance in the WA market.

Competition watchdog opposes sale of WA's biggest insurer to east-coast giant

The Australian Competition and Consumer Commission finds IAG's proposed acquisition of RAC WA would "eliminate the significant competition" between the two major insurance companies and likely result in higher premiums.

IAG to fight for $1.4b West Australian deal after regulator roadblock

The company will ask the ACCC to re-assess its RACI acquisition under new merger rules to take effect on January 1, after the proposal was denied.

ACCC bans $1.35 billion RAC insurance sale to IAG

The Australian Competition and Consumer Commission said the sale would likely seriously diminish competition in the State’s home and motor insurance markets.

ACCC opposition to insurance tie-up triggers refiling under new merger regime

Insurance Australia Group will refile its A$1.4 billion takeover of a key rival under the country’s new merger control regime following opposition from the national competition authority.

IAG to test new rules with challenge to ACCC decision on $1.3B RACWA merger

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me The ACCC has opposed IAG’s proposed $1.35 billion acquisition of RACWA’s insurance operations, saying the deal would substantially lessen competition for motor vehicle and home and contents insurance in Western Australia. Subscribe to Lawyerly to access this article.Already a subscriber? Username or Email Address Password Rememb…