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Violation Tracker Individual Record

Company: Guy Carpenter & Company, LLC, and Excess Reinsurance Co.
Penalty: $4,250,000
Year: 2011
Date: January 31, 2011
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Guy Carpenter agreed to pay $4.25 million in settlement of allegations it engaged in a conspiracy with dozens of reinsurance companies that agreed not to compete on certain contracts, instead paying hidden commissions to the broker for a client's business.
Level of Government: state
Action Type: agency action
Agency: Connecticut Attorney General
Civil or Criminal Case: civil
Facility State: Connecticut
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.