ASX:IAGInsurance
Regulator’s RAC Insurance Ruling Might Change The Case For Investing In Insurance Australia Group (ASX:IAG)
Australia’s competition regulator has blocked Insurance Australia Group’s bid for RAC Insurance, even as IAG recently completed its A$855 million RACQ Insurance acquisition and continues processing thousands of storm and hail claims across Queensland, New South Wales and Victoria.
The combination of a halted expansion attempt, a completed regional acquisition and heavy weather-related claims highlights how concentration risk, capital deployment and climate exposure are shaping IAG’s...