October 5, 2007
Millea Holdings, Inc.
2-1 Marunouchi 1-chome,
TSE code number: 8766
Findings on internal review over claim payments of Tokio Marine & Nichido Life and Tokio Marine & Nichido Financial Life
Tokio Marine & Nichido Life Insurance Co. Ltd. ("TMN Life") and Tokio Marine & Nichido Financial Life Insurance Co. Ltd. ("Financial Life"), subsidiaries of Millea Holdings,Inc., made announcements on "Findings on internal review over claim payments" as follows:
Claims payment is the most fundamental and significant function held by insurance companies. We would like to apologize for any inconvenience caused and concerns raised as a result of the non-payment of claims.
They will continue implementing preventive measures and make efforts to regain the trust of policyholders through timely and appropriate claim payments. We sincerely request the considerable understanding from all parties involved.