ab 16 May 2025 Global Research Insurance Australia Group Go West RAC is an attractive deal though value upside from here appears moderate IAG has entered a strategic alliance with the Royal Automobile Club of Western Australia (RAC), including the acquisition of RAC Insurance and a 20yr distribution agreement for RAC Home & Motor products. The deal adds ~8% to IAG's GWP and lifts its WA market share across Home & Motor to ~55% (from 8%), subject to ACCC approval. Total upfront $1,350m consideration will be ...