The subsidiaries of Tokio Marine and Sompo Japan as well as MS&AD, said they will make company-wide efforts to improve their business operations. Credit: HANDOUT The subsidiaries of Tokio Marine and Sompo Japan as well as MS&AD, said they will make company-wide efforts to improve their business operations. Credit: HANDOUT

(Bloomberg) — Japan's financial regulator penalized the country's largest property and casualty insurers for colluding to fix prices in contracts with corporate clients.

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