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Allianz-RAA deal gets Australian competition regulator's approval

( June 12, 2025, 00:04 GMT | Official Statement) -- MLex Summary: Allianz Group’s bid to acquire RAA Insurance Holdings and its subsidiary RAA Insurance Limited, known together as RAAI, from the Royal Automobile Association of South Australia Incorporated, or RAA, has been approved by the Australian antitrust regulator. In a statement today, the Australian Competition & Consumer Commission said that while Allianz and RAAI both supply home and contents insurance and motor insurance products in South Australia, the regulator found that other suppliers, including Suncorp and IAG, will continue to “compete with, and constrain,” the merger entity.The full statement by the Australian Competition & Consumer Commission is below, followed by the ACCC's market definition and competition analysis:...

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