Street Talk

IAG, Allianz eyeball Royal Automobile Club WA

Sarah Thompson, Kanika Sood and Emma Rapaport

Mar 4, 2025 – 3.36pm

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It’s heads down at two Wall Street investment banks as the Royal Automobile Club of Western Australia sale process springs into action.

Street Talk reported last year the 119-year-old insurer had tapped Barrenjoey’s financial services banker Anthony Brasher to run a strategic review of its insurance arm. Now, interested parties are marshalling the troops and buy-side mandates are starting to fly.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.