The Portuguese Competition Authority imposes the highest fines ever applied for a cartel in the financial sector (Lusitania - Companhia de Seguros / Zurich Insurance)

The first cartel sanctioned by the AdC in the Portuguese financial sector has the highest fines ever applied* The AdC applied a fine totalling more than €54 million on insurance companies, board members and directors involved in the “insurer cartel”. The proceedings is now concluded with the sanctioning of Lusitania - Companhia de Seguros SA and Zurich Insurance PLC. The undertakings involved in the cartel coordinated the prices for large corporate clients regarding workplace accident, health and auto insurance.

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

Quotation

Portuguese Competition Authority, The Portuguese Competition Authority imposes the highest fines ever applied for a cartel in the financial sector (Lusitania - Companhia de Seguros / Zurich Insurance), 1 August 2019, e-Competitions Bulletin September 2019, Art. N° 91574

Visites 328

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues