Irish insurance companies raided by Commission officials

European Commission competition officials on Tuesday (4 July) raided the offices of a number of companies that provide motor insurance in the Republic of Ireland, as part of an ongoing investigation into allegations of anti-competitive behaviour.

Around 45 staff from Ireland’s national authority, the Competition and Consumer Protection Commission (CCPC), and DG COMP carried out unannounced inspections yesterday.

The EU executive said in a statement that it is following it up on concerns that the companies in question “may have engaged in anti-competitive practices in breach of EU antitrust rules that prohibit cartels and restrictive business practices”. (...)