The German Federal Cartel Office fines € 20 M a cartel of insurance companies (Sparkassen)

The German Bundeskartellamt has fined seven insurance companies, subsidiaries of savings banks, a total of € 20 M for cartel offenses. The seven insurance companies are subsidiaries of savings banks. They are: Versicherungskammer Bayern, München SV Sparkassen Versicherung Gebäudeversicherung AG, Stuttgart (successor to two insurance companies in Baden-Württemberg and

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  • CRA International (London)

Quotation

Philip Kalmus, The German Federal Cartel Office fines € 20 M a cartel of insurance companies (Sparkassen), 15 September 2005, e-Competitions September 2005, Art. N° 446

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