KWM is proud to have advised Royal Automobile Association of South Australia (RAA) on the divestment of its insurance business to Allianz Australia Insurance Limited (Allianz).
Under the 20-year insurance distribution partnership, Allianz will underwrite RAA’s home and motor insurance policies. This milestone transaction will keep RAA’s insurance products under the South Australian local and trusted RAA brand, while shielding members from global risks and challenges that come along with a smaller insurer. RAA will also be positioned to deliver more value and benefits for members.
KWM assisted RAA on all aspects of the transaction, including negotiating and finalising all transaction documents and advising on regulatory, competition, employment, technology and intellectual property, and separation matters.
The transaction was completed on 1 July 2025.
The KWM deal was led by Partners Diana Nicholson and Meredith Paynter and included Partner Nicole Heller, Special Counsel Patrick Atkinson and Sean Field, Senior Associate Cal Maher and Solicitor Linda Le, with support from many others across the firm.
Partners Diana Nicholson and Meredith Paynter added:
“We are proud to have supported such a milestone strategic move. It was a pleasure to work with the RAA team and successfully complete this complex transaction.”
