RAC WA sells insurance arm to Sydney-based company

RAC WA sells insurance arm to Sydney-based company

The CEO insisted customers wouldn’t be impacted but was unable to rule out premium hikes.

RACWA sells insurance operations to Sydney-based IAG in $1.3B deal

RACWA has announced a 20-year partnership with multinational insurance company Insurance Australia Group, handing over its entire insurance underwriting business.

Insurance Australia Group goes west with $1.35b RAC buy

IAG will add The Royal Automobile Club of Western Australia to its brand portfolio after striking a similar deal in Queensland six months ago.

Australia’s IAG Acquires Royal Automobile Club of Western Australia Insurance Business - CollisionWeek

IAG today announced it will enter a strategic alliance with The Royal Automobile Club of Western Australia (RAC) that includes IAG’s purchase of the RAC Insurance (RACI) business and a 20-year exclusive distribution agreement for RAC branded home, motor and niche insurance products. The consideration comprises $400 million for 100% acquisition of RACI and $950 million for a distribution and brand licensing agreement. RAC Group CEO Rob Slocombe s…

The Brand Agency Perth appointed as RAC’s integrated agency partner following review process that adds media responsibilities to remit

Following an extensive tender process, The Brand Agency has been appointed as the integrated advertising services partner for RAC. This outcome sees media responsibilities added to The Brand Agency’s remit.

IAG shares lift on $1.35b RAC WA deal

Insurance giant IAG has agreed to buy the RAC Insurance business and provide general insurance products to its members in a $1.35 billion deal that is part of a long-term strategic alliance with the Royal Automobile Club of Western Australia.