February 16, 2006
Millea Holdings, Inc.
2-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo
TSE code number: 8766
Measures taken by Tokio Marine & Nichido Fire Insurance Co., Ltd. concerning its failure to pay insurance claims on incidental expenses
Tokio Marine & Nichido Fire Insurance Co., Ltd. ("Tokio Marine & Nichido"), a subsidiary of Millea Holdings, Inc., has posted on its website information relating to the measures taken by Tokio Marine & Nichido concerning its failure to pay insurance claims on incidental expenses.
We deeply regret that such problem was identified in our subsidiary and we extend our sincere apology to all persons and parties concerned.
We will make an all-out effort across the entire Millea Group to prevent the recurrence of such failures in the future.