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The Spanish National Competition Commission has reached a final ruling in the case of the alleged agreement between several insurance and reinsurance companies operating in Spain in the field of inherent defects insurance (decennial insurance). A fine of EUR 18,599,000 has been levied against SCOR.
SCOR contests the justification for this ruling and therefore the principle and amount of the fine.
SCOR has decided to appeal against the ruling to the appropriate Spanish court.