April 2, 2007
Millea Holdings, Inc.
2-1 Marunouchi 1-chome,
TSE code number: 8766
Report on the Findings of Certain Internal Reviews Due at the End of March 2007
Tokio Marine & Nichido Fire Insurance Co.,Ltd. ("Tokio Marine & Nichido") and Nisshin Fire & Marine Insurance Co.,Ltd. ("Nisshin Fire"), subsidiaries of Millea Holdings,Inc., reported the findings to the internal reviews regarding “The Payment of Incidental Insurance Claims” and "Inspection of the Accuracy of the Fire Insurance Solicitation System" as posted on their website information as follows:
Tokio Marine & Nichido released on March 30, 2007
"Report on the Findings of Certain Internal Reviews Due at the End of March 2007"
Nisshin Fire released on April 2, 2007
"Findings of the Review Regarding Non-Payment of Incidental Insurance Claim"
"Findings of Inspecting the Accuracy of the Fire Insurance Solicitation System"
We offer our sincere apologies for the fact that a number of cases requiring supplemental payments of insurance claims or refunds to customers for over-collection of premiums came to light through the abovementioned reviews and inspection to our subsidiaries. We ask for the understanding of our customers, stockholders and other parties in this matter, as we vow to work diligently on preventative measures in order to ensure that such occurrences will not be repeated in the future.