Tokio Marine Holdings Inc Annual Shareholders Meeting Transcript
Everybody, thank you very much for being here despite your busy schedules today. This is Ishiguro from Global Communications at Tokio Marine Holdings.
Now before we start the seminar, we would like to express our sincere apologies for the concern caused to our customers and the capital market for the incident regarding a single employee that fixed the insurance premium rates as released by Tokio Marine and Nichido yesterday. Although, this case consequently did not result in underwriting with unreasonable premiums due to these fixed rates, we take this matter very seriously and we have reported the misconduct to the financial services agency. And thus, we have received an order to submit an official report.
A special investigation committee with several outside attorneys have been formed to confirm the facts. We would like to submit to you that we are not aware of any similar cases as of now. However, we take this matter very seriously, and we will continue to investigate for similar
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