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Articles Bermuda Insurance Listed Securities United Kingdom USAOctober 13, 2007

Subsidiaries of Bermuda insurers accused of involvement in price-fixing scheme

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16 years ago

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Bermuda Insurance Listed Securities USA United Kingdom

Keywords

Arch Capital Group Ltd. Arch Reinsurance Company Aspen Insurance UK Limited Bermuda Insurance Market Employers Mutual Casualty Company
Excess Reinsurance Company Farm Mutual Reinsurance Plan Farmers Mutual Hail Insurance Company of Iowa Guy Carpenter & Company LLC Marsh & McLennan Companies, Inc. QBE Reinsurance Corporation Swiss Reinsurance America Corporation The Hartford Steam Boiler Inspection and Insurance Company The Toa Reinsurance Company of America
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Two subsidiaries of Bermuda-based insurers have been named as “co-conspirators” of reinsurance broker Guy Carpenter in an alleged billion-dollar, price-fixing scheme that Connecticut Attorney General Richard Blumenthal claims “illegally inflated insurance costs for insurance companies and consumers nationwide”.Details are contained in a civil complaint filed by the State of Connecticut at the Superior Court for the Judicial District of Hartford, Connecticut on October 4, 2007.