The Australian Competition and Consumer Commission (ACCC) has rejected Insurance Australia Group’s (IAG) planned acquisition of RAC Insurance from the Royal Automobile Club of Western Australia (RAC WA), citing concerns over insurance merger competition in Western Australia (WA). Following a thorough review, the ACCC determined that the proposed transaction could result in a “substantial lessening of competition” for motor vehicle and home insurance products in the region. In May 2025, IAG reached an ag ...