The subsidiaries of Tokio Marine and Sompo Japan as well as MS&AD, said they will make company-wide efforts to improve their business operations. Credit: HANDOUT The subsidiaries of Tokio Marine and Sompo Japan as well as MS&AD, said they will make company-wide efforts to improve their business operations. Credit: HANDOUT

(Bloomberg) — Japan's financial regulator penalized the country's largest property and casualty insurers for colluding to fix prices in contracts with corporate clients.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.