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Execs at 4 major Japanese insurers to take pay cut over price fixing

A total of about 130 executives at four major Japanese property and casualty insurance companies will take up to 50 percent pay cuts for colluding to fix prices in contracts with corporate customers and government agencies, the companies said Thursday. The four insurers also submitted business improvement plans the same…

Shinichi hiroseSatoru komiyaKengo sakuradaMitsui sumitomo insurance coTokio marine nichido fire insurance coFinancial services agencyTokio marine holdings incAioi nissay dowa insurance coSompo holdings incMarine holdings incTokio marineHoldings inc

Four general insurance firms punish 132 people over price-fixing

The four general insurers, including Tokio Marine & Nichido Fire Insurance, also submitted business improvement plans to the Financial Services Agency.

Keisuke niiroShinichi hiroseShinichiro funabikiKengo sakuradaFinancial services agencyTokio marine holdingsSompo holdingsTokio marineNichido fire insuranceFinancial servicesPresident shinichiJapan insuranceHoldings chairman kengo sakuradaSumitomo insurancePresident shinichiroPresident keisuke niiro

Sompo adds C-suite pay cuts in ongoing response to auto claims fraud

Sompo adds C-suite pay cuts in ongoing response to auto claims fraud
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Kengo sakuradaSatoshi iitoyoMasahiro hamadaMikio okumuriaYoshihiro uotaniShinichi haraGiichi shirakawa

Sompo CEO to step down over Bigmotor insurance fraud scandal

Major Japanese insurance firm Sompo Holdings Inc CEO Kengo Sakurada said Friday he will step down at the end of March to take responsibility for the company's involvement in used car dealer Bigmotor Co's insurance fraud scandal. The announcement comes after Japan's financial watchdog ordered Sompo on Thursday to improve…

Kengo sakuradaGiichi shirakawaMikio okumuraSompo japan insurance incSompo holdingsFinancial services agencySompo holdings incBigmotor coMajor japaneseSompo japan insuranceChief operating officer mikioJapan insurance president giichi shirakawa

TOKYO (Kyodo) Major Japanese insurance firm Sompo Holdings CEO Kengo Sakurada said Friday he will step down at the end of March to take responsibil

Giichi shirakawaKengo sakuradaMikio okumuraSompo holdingsFinancial services agencySompo japan insuranceChief operating officer mikioJapan insurance president giichi shirakawa