Archive

RACQI M&A lands IAG with A$174m extreme-weather hit

Group's half-year net earnings drop 36%, year on year

Australian competition authority clears IAG-RACQ deal

IAG to buy RAC Insurance as part of A$1.4bn partnership

Deal involves acquisition, and 20-year product distribution arrangement

Allianz reportedly trying to buy third APAC insurer

German already has plans for one M&A in Australia, after abandoning bid in Singapore

Second Allianz M&A in APAC draws regulatory scrutiny

IAG to pay A$855m for majority stake in RACQ

Australian regulator takes QBE to court over pricing algorithm

Asic is alleging insurer misled non-life customers about discounts

Algorithm lands IAG with A$40m Federal Court fine

System limited promised renewal discounts, Court finds

Asic sues RACQ over pricing discount failures

The Australian watchdog's chair Sarah Court says "pricing failures are an industry-wide issue"

Apra clamps down on RACQ over significant risk governance weaknesses

Capability and capacity challenges within the risk functions were cited as areas of concern