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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…

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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.

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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
intelligentinsurer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from intelligentinsurer.com Daily Mail and Mail on Sunday newspapers.

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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…

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Sompo CEO to step down over Bigmotor insurance fraud scandal

Major Japanese insurance firm Sompo Holdings Inc. CEO Kengo Sakurada says 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.

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Sompo Holdings chairman to quit in fallout from Bigmotor scam | The Asahi Shimbun: Breaking News, Japan News and Analysis

The chairman of Sompo Holdings Inc. will step down to take responsibility for the company's involvement in an insurance scam committed by Bigmotor Co., the used-car dealer and repair chain.

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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

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Sompo Holdings CEO resigns as firm rebuked for Bigmotor scandal

He will be replaced by current COO Mikio Okumura, who will assume the role of CEO effective 1 April 2024.

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Chief of Japan's Sompo Holdings to resign over insurance scandal

TOKYO -- Sompo Holdings Chairman and Group CEO Kengo Sakurada will step down at the end of March over subsidiary Sompo Japan Insurance's ties to embattled…

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TOKYO -- Sompo Holdings Chairman and Group CEO Kengo Sakurada will step down at the end of March over subsidiary Sompo Japan Insurance's ties to embat

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