The Connecticut Attorney General's Office filed an antitrust action today against Guy Carpenter & Company, the reinsurance brokerage unit of Marsh & McLennan Companies.
In response, the company said it would defend itself vigorously against the charges.
State Attorney General Richard Blumenthal said in a statement that the firm had acted as ringleader “in choreographing the reinsurance market to fix prices, stifle competitors and collect excessive profits at the expense of the entire industry.”
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