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IAG's play for RACWA agreement raises initial concerns for Australian regulator

( September 4, 2025, 01:48 GMT | Official Statement) -- MLex Statement: Insurance Australia Group's plans to enter into a strategic alliance with the Royal Automobile Club of Western Australia to provide general insurance products for local members is facing regulatory pushback, with the country’s competition regulator publishing a statement of issues ahead of an in-depth probe into the transaction. The Australian Competition & Consumer Commission said its preliminary view was that the proposed deal was likely to have the effect of substantially lessening competition in both the supply of motor insurance and the supply of home and contents insurance in the state of Western Australia. The mergers watchdog set Nov. 27 as the deadline for a decision under the informal-review mechanism. The Australian Competition & Consumer Commission's statement of issues is attached; the full statement follows: ...

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