Japanese Big Three shares tumble after price-fixing allegations
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Japanese Big Three shares tumble after price-fixing allegations

Rachel Dalton
02 August 2023
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The three largest Japanese insurers have seen their share prices fall after allegations of price fixing for clients in the transport industry.

Tokio Marine, Sompo and MS&AD have all been instructed by Japan’s Financial Services Agency (FSA) to investigate accusations of price fixing for policies sold to railway operator Tokyu, according to a Nikkei report.

Tokio

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Tokio MarineSompoMitsui SumitomoNewsRegulation
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Rachel Dalton
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