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Transatlantic settles on merger with Alleghany
Friday, 25 November 2011
After rejecting a series of deals earlier this year, Transatlantic Holdings has agreed to sell itself to US insurer Alleghany for US$3.4 billion.
German court opens loophole for companies facing antitrust fines
Wednesday, 16 November 2011
Germany’s Federal Supreme Court has upheld a precedent-setting ruling that may offer a potential means of escape for companies that have been fined for violations of the country’s competition law.
Italy fines insurers
Wednesday, 05 October 2011
Italy’s Competition Authority has fined insurance companies €13 million for using co-insurance policies as a tool for price coordination and information sharing.
India clears first merger decision
Thursday, 28 July 2011
India’s Competition Commission has completed its first merger review - within two weeks. The authority cleared Reliance Industries’ buyout of Bharti group’s stake in an insurance joint venture with French insurer AXA.
New York reinstates antitrust claim against Equitas
Premium Article - Thursday, 13 January 2011
A New York appeals court has reinstated an antitrust lawsuit against reinsurer Equitas claiming that it organised a conspiracy to cut policy claims related to asbestos and environmental insurance.
Circuit court decision opens door to new UPMC/Highmark complaints
Premium Article - Tuesday, 07 December 2010
The US District Court in western Pennsylvania is considering whether to certify an antitrust class action against The University of Pittsburgh Medical Center (UPMC) and insurer Highmark, after rejecting a similar complaint filed last year.
Banks lose out on PPI point-of-sale
Premium Article - Thursday, 14 October 2010
The UK’s Competition Commission has finalised a remedies package that will prevent banks from selling payment protection insurance (PPI) at the same time as other credit products, such as personal loans.
UK insurer stands by rejected bid
Premium Article - Tuesday, 17 August 2010
UK insurer Royal Sun Alliance (RSA) has today said it stands by its £5 billion (€6.1 billion) bid for Aviva’s UK, Canadian and Irish general insurance businesses, which could make it the largest general insurance provider in each of the three countries.
Vietnam issues first price fixing fines
Premium Article - Monday, 02 August 2010
Vietnam’s Ministry of Industry and Trade has fined 19 insurance companies 1.7 million dong (€68,000) for colluding to increase the price of car insurance.
FTC targets closed Fidelity deal
Premium Article - Monday, 19 July 2010
The US Federal Trade Commission has sued to break up another closed deal, this time forcing Fidelity National Financial to sell off assets related to its title insurance business.
New York judge overturns price fixing convictions
Premium Article - Thursday, 08 July 2010
Two former Marsh & McLennan executives have seen their convictions for violating New York’s antitrust law overturned after a judge found that evidence produced after their trial clashed with the state’s case against the men.
France clears insurance tie-up
Premium Article - Thursday, 10 June 2010
France’s Competition Authority has cleared three insurance companies’ bid to create a mutual insurance group, five weeks after the deal was announced.
Bill to repeal health insurance exemption expected this week
Premium Article - Monday, 08 February 2010
Two members of the US House of Representatives say they will introduce legislation this week that, if passed, would repeal the 65-year-old antitrust exemption for health insurances companies.
Scor to fight cartel fine
Premium Article - Thursday, 19 November 2009
Reinsurance company Scor has announced plans to appeal against an €18 million cartel fine handed down by Spain’s National Competition Commission.
Spain fines insurers
Premium Article - Friday, 13 November 2009
Spain’s National Competition Commission has fined six insurers a total of €120 million for conspiring to fix minimum prices on building insurance.
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GCR December 2011
In this issue:
Surveys: New York, Israel • US Assistant Attorney General • Year in review • Isolde Goggin interview • Ricardo Napolitani interview
GCR Live Events
Mar
02
Law Leaders Asia-Pacific 2012
Organiser: Global Competition Review
Fri, 2nd March - Sat, 3rd March
Singapore, Singapore
Mar
14
Mar
27
2nd Annual GCR Awards Dinner
Organiser: Global Competition Review
Tue, 27th March
Washington DC, USA
Apr
24
Broadcasting and Competition Law 2012
Organiser: Global Competition Review
Tue, 24th April
London, UK
May
09
