Insurance Practices Raise Antitrust Issues: EU Report

Law360, New York (September 25, 2007, 12:00 AM EDT) -- The European Commission has identified several widespread practices in the business insurance industry that may be causing competition issues and issued a new report that highlights problems in the reinsurance and coinsurance markets.

The report, formally adopted by the commission on Tuesday, presents the results of a competition inquiry into the business insurance industry, taking issue with the practices in two main areas of business insurance.

Regulators found problems with “long-standing and widespread industry practices in the reinsurance and coinsurance markets involving the alignment of premiums,...
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