TOKYO -- Four leading Japanese casualty insurers likely violated the spirit of antitrust law in dealings with over 100 clients, Nikkei has learned, as internal probes by the companies uncover widespread price-fixing in the industry.
Japan's Financial Services Agency had ordered Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance, Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance to look into their business practices following accusations that they colluded on premiums for corporate clients.
