Insurers unwind cross-shareholding stakes after probeJapanese nonlife insurers Tokio Marine Holdings Inc., MS&AD Insurance Group Holdings Inc. and Sompo Holdings Inc. are accelerating the sale of corporate stakes in one another after regulators linked cross-shareholdings to misconduct, according to Teruki Morinaga, director at Fitch Ratings, Insurance Asia reported. The insurers’ cross-shareholdings came under scrutiny following investigations into inappropriate co-insurance pricing and the discover of ownership ties between insurers and corporate clients akin to cartel-like practices.