IN THE HIGH COURT OF JUSTICE

No. CR-2022-000731

BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALESCOMPANIES COURT (ChD)
IN THE MATTER OF TOKIO MARINE &NICHIDO FIRE INSURANCE CO., LTD.
andIN THE MATTER OF NRG VICTORYREINSURANCE LIMITED
andIN THE MATTER OF PART VII OF THE
FINANCIAL SERVICES AND MARKETS ACT2000

NOTICE

1.

2.

NOTICE IS HEREBY GIVEN that, on 4 April 2022, Tokio Marine & Nichido Fire
Insurance Co., Ltd. ("TMNF") applied to the High Court of Justice of England andWales (the "Court") for Orders:
1.1sanctioning an insurance business transfer scheme (the "Scheme") providing
for the transfer by TMNF to NRG Victory Reinsurance Limited ("NRG") of theentire business of TMNF's London Branch (the "London Branch"); and1.2

making ancillary provisions in connection with the Scheme pursuant to s112 of
the Financial Services and Markets Act 2000 (the "Act").

TMNF was formed in 2004 by the merger of Tokio Marine & Fire Insurance Co., Ltd("TMF") and Nichido Fire & Marine Insurance Co., Ltd ("NFM"). TMNF's legacy
portfolio of business is comprised of all classes of non-life, marine and non-marine
international business: (i) directly written by the former International Reinsurance
Department of TMF for 2000 and prior years; and (ii) written by the former Reinsurance
Department and Marine Department of NFM for 2003 and prior years, which wasclassified as reinsurance business when written and which excludes any aviation

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business unless incidentally written (the "Legacy Portfolio"). The Legacy Portfolio
was relocated to the London Branch with effect from 1 March 2021, with the exceptionof a limited number of policies1 (the "London Branch Business") and the London
Branch Business is now being transferred to NRG pursuant to the Scheme.
3.

The proposed transfer will result in the London Branch Business, formerly carried on
by TMNF, being carried on by NRG. All claims being dealt with before the proposedtransfer in relation to the London Branch Business will, following the transfer, be dealt
with on behalf of NRG. All claims arising after the transfer will be dealt with by or on
behalf of NRG. The proposed transfer will secure the continuation by or against NRGof any legal proceedings by or against TMNF that relate to rights and obligations in
respect of the London Branch Business.

4.

The application will be heard on 7 July 2022 before a Judge of the Chancery Divisionof the High Court at 7 Rolls Building, Fetter Lane, London EC4A 1NL, United
Kingdom. Any person or persons who considers that the Scheme would adversely affectthem is entitled to make representations in writing; to appear at the hearing and makerepresentations in person; and/or instruct a barrister or solicitor advocate to appear as
their representative. If you intend to instruct someone to appear on your behalf, or toappear at the hearing yourself (to make representations rather than simply attending),
please give written notice of that intention, setting out the reasons why you believe that
the Scheme might adversely affect you. You should send such notices, or make any
written representations, to the solicitors named below, as soon as possible andpreferably by close of business on 30 June 2022. TMNF will share any objections
and/or representations received before the hearing with the UK Prudential Regulation
Authority, the Financial Conduct Authority and the Court.

5.

Copies of a report on the terms of the Scheme prepared pursuant to s109 of the Act (the"Independent Expert's Report"); the Scheme document and a statement setting out asummary of the terms of the Scheme and containing a summary of the IndependentExpert's
Reportcanbefoundat
https://www.tokiomarinenichido.co.jp/en/news/2204_uk.html and will be provided free of charge by thesolicitors for TMNF named below upon request.

1Policies issued by TMNF to cedants located in North Korea; Cuba; Iran; Venezuela and Syria were notrelocated to the London Branch. Those policies remain with TMNF in Japan and are not included in theScheme. In addition, policies issued to one cedant located in Russia are also excluded from the Scheme andthose policies will remain with TMNF in Japan.

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6.

Any person who has an enquiry relating to the Scheme is requested to direct suchenquiry to the solicitors for TMNF named below.
Mayer Brown International LLP
201 Bishopsgate, London, EC2M 3AF
Tel: +44 20 3130 3000
Email: TMNFPart7Transfers@mayerbrown.com
Ref: 20454/48520/21680074
25 April 2022

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