2020 July31th
Daido Fire & Marine Insurance Company, Ltd.

With regards to the selling of [Directors and Officers Liability
Insurance (D&O)] to corporations in Okinawa Prefecture～Comprehensive Facultative Reinsurance Business Alliance with Berkley Insurance Asia～

Daido Fire & Marine Insurance Company, Ltd. (Naha city, Representative Director andPresident：Yogi Tatsuki, hereby referred to as「our Company」） has entered into acomprehensive facultative reinsurance business alliance with Berkley Insurance Asia
(Singapore, Berkley Insurance Asia Chief Executive：SHASI NAIR、hereby referred to as 「BIA」）
and from August 2020 will formally begin selling「Company Directors and officers insurance (D＆O Insurance）」to companies in Okinawa prefecture.

■ BackgroundIn recent years, the risks surrounding companies have become more complex anddiversified, increasing the importance of establishing an appropriate risk management
system.

In this environment, the risk of litigation toward individual directors over company

management practices are increasing, along with litigation amounts.
Given this situation, our Company has formed a business alliance with BIA, who has a highlevel of expertise and deep product experience in the commercial insurance product sector.
As part of this tie-up, our Company has been carrying out the necessary preparations for fullscale sales of the specialized 「Directors and Officers liability Insurance (D&O Insurance)」
product.
With the facultative reinsurance support of BIA, and the environment for providing「Directors and Officers Liability Insurance (D&O Insurance)」product now established, ourCompany is in a position to formally begin sales of the product to Okinawan companies from
August 2020.
By providing「Directors and Officers Liability Insurance (D&O insurance) to business
operators in Okinawa prefecture, our Company seeks to support all those involved incompany management by ensuring their peace of mind.
Going forward, our Company and BIA will seek to continue to leverage each other’s
strengths so that we may be able to deliver more peace of mind to all companies in Okinawa

prefecture.

■ Summary of Directors and Officers Liability Insurance (D＆O Insurance）*
Directors and Officers Liability Insurance (D&O Insurance) provides insurance coverage up
to the policy limit for damage claims made against company officers that have carried out
their duties during the insured policy period
１．Insureds（range of those that will be covered under the policy）（１）Individual Insureds①Directors（Directors, Executive officers, Auditors and accounting advisors）as defined
under the Companies Act.
②Operating Officers③ Managers④ Externally Dispatched Officers⑤ Retired Officers（２）Company①Named Corporation②Named Corporations subsidiary companies
２．Coverage information*
Coverageclassification
Ⅰ Coverage
DirectorsⅡ Company
coveragefor

InuredDirector

Main coverage（Claims that are payable etc.）☑Legal damages and defense costs☑ Other「expenses」☑Company reimbursement for when the company

Companyagrees to provide up front corporate protection tothe director.
☑ 「company expenses」associated with handling

Ⅲ CompanyCoveragevarious responses to crisis management issues
Companysuch as covered wrongful acts.
☑ Legal liability and defense costs stemming fromEntity securities claims.

Ⅳ Othercoverages

Director・Company☑ Emergency expenses☑ Blanket coverage for directors that are
dispatched to outside companies*The above is an informational statement regarding D&O insurance coverage and is forgeneral description purposes only. Please note that coverage will change from policy topolicy.

Please feel free to consult us for any coverage related matters.

＜About Berkley Insurance Asia＞
Company Name： BERKLEY INSURANCE COMPANY（Singapore Branch）
Doing Business As: Berkley Insurance Asia (BIA)
BIA Chief Executive: SHASI NAIR
Location ： 18 Cross Street #07-01 Cross Street Exchange Singapore 048423
URL： https://berkleyasia.com/

Summary： (BIA) is one of the member companies of W. R. Berkley Corporation. W.
R. Berkley Corporation is based in Greenwich Connecticut and is a Property andcasualty insurance holding company that was formed in 1967. W. R. Berkley isranked in the Fortune 500, and was ranked 18th in top 100 US P&C rankings. W.
R. Berkley operates worldwide in in two segments of the property casualty
insurance business: Insurance and Reinsurance & Monoline Excess. In 2016,
the Berkley Insurance Asia Singapore and Hong Kong branches were established.
In 2017 Labuan (Malaysia) was established, and in December 2017, BIA Japan
Services was established as a representative office in Japan.
※W. R. Berkley Corporation member insurance company Financial strength
S&P A +（strong）、A.M. Best A +（Superior）【For inquiries regarding this matter】
Underwriting Department

Tel：098-869-3118

Contact: Miyazato （E-Mail：Daisuke_Miyazato@daidokasai.co.jp）
Tomari（E-Mail：Hiroya_Tomari@daidokasai.co.jp）