December 26,2023
Tokio Marine Holdings, Inc.
President: Satoru Komiya
Securities code number: 8766
Administrative Order from the Japan Financial Services Agency to Our
Consolidated Subsidiary
Tokio Marine Holdings, Inc. (President and Group CEO: Satoru Komiya, hereinafter the "our Company") today announced that Tokio Marine & Nichido Fire Insurance Co., Ltd. (President: Shinichi Hirose, hereinafter "TMNF"), our Company's consolidated subsidiary in Japan, has received a business improvement order from the Japan Financial Services Agency regarding price-fixing of corporate insurance premiums, in accordance with the provisions of Article 132, Paragraph 1 of the Insurance Business Act. The details can be found in the TMNF news release.
We sincerely apologize for any inconvenience and concern caused to our stakeholders by these incidents that occurred at TMNF. Our Company is committed to taking any and all necessary measures on a group-wide basis to prevent a recurrence.
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Tokio Marine Holdings Inc. published this content on 26 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 December 2023 07:02:38 UTC.