IAG's public-benefits application for RACWA deal faces Australian watchdog's review
( October 15, 2026, 01:23 GMT | Official Statement) -- MLex Summary: The Australian competition watchdog is seeking views on Insurance Australia Group’s public-benefits application, which was filed on Wednesday for its proposed acquisition of RAC Insurance in Western Australia. In an update on Thursday on its website, the Australian Competition & Consumer Commission said that it is also seeking feedback on the company's remedy offer, including IAG selling the renewal rights for its existing NRMA-branded home and motor insurance policies in Western Australia to a regulator-approved insurer. The regulator is seeking views until Wednesday.Update follows. Questionnaire and remedy offer are attached....
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