Protective Life Corporation Announces Three New Board Members

Business Wire

Michael J. Morrissey, Tatsusaburo Yamamoto and Tomohiko Asano Join Protective’s Board of Directors

BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Protective Life Corporation (Protective), a wholly owned subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced three new members of its Board of Directors. Michael J. Morrissey, Tatsusaburo Yamamoto and Tomohiko Asano have joined the Board, effective April 24, 2020. W. Michael Warren, Jr. continues to serve as Chairman of Protective’s Board of Directors, a position he has held since November 2019.

“In joining Protective’s Board of Directors, Mr. Morrissey, Mr. Yamamoto and Mr. Asano bring extensive experience at the highest levels in the public, private and nonprofit sectors,” said Mr. Warren. “We know they will provide great value to our company as we navigate the rapidly evolving environment in which we operate.”

For the past 11 years, Michael J. Morrissey has served as President & CEO of the International Insurance Society (IIS). Prior to joining the IIS, Mr. Morrissey was chairman and CEO, Firemark Investments. As a founder of Firemark, he was also the chief investment officer for the company and portfolio manager of the Firemark Tiger Fund. Before establishing Firemark, Mr. Morrissey was president of Manhattan Life Insurance Co. and senior vice president of Crum & Forster.

Mr. Morrissey is a member of the Board of Overseers of the St. John’s University School of Risk Management, and the Management Committee of the Insurance Development Forum, a public/private partnership of the insurance industry, the United Nations and the World Bank. He is also a member of the Steering Committee of the World Economic Forum’s Mitigating Risk in the Innovation Economy initiative. He is an insurance working group member of the National Bureau of Economic Research, a special advisor to the Asia Pacific Financial Forum, and a member of the Board of Governors of the Asia Pacific Risk & Insurance Association. Mr. Morrissey holds a B.A. from Boston College, an MBA from Dartmouth, and has completed the Harvard Business School Corporate Finance Program. He is also a Chartered Financial Analyst and former President of the Association of Insurance and Financial Analysts.

Tatsusaburo Yamamoto currently serves as Managing Executive Officer and Chief General Manager, North America for Dai-ichi Life Holdings, Inc. He also serves as President and Chief Executive Officer of DLI North America Inc. He has previously served as Managing Executive Officer (in charge of Corporate Planning Unit) ), Executive Officer, Chief of Asset Management Business Unit of Dai-ichi Life Holdings, Inc. and Managing Executive Officer and Executive Officer of The Dai-ichi Life Insurance Company, Ltd. Mr. Yamamoto also serves as a Director on the Boards of DLI North America Inc. and Janus Henderson Group. He holds B.A. of Political Science and Economics from Waseda University.

Tomohiko Asano currently serves as Managing Executive Officer of Dai-ichi Life Holdings, Inc. and The Dai-ichi Life Insurance Company, Limited. He has previously served as Executive Officer and Chief of the International Life Insurance Business Unit, as well as Chief General Manager, Asia Pacific for Dai-ichi Life Holdings, Inc. Mr. Asano also serves as a Director on the Boards of Asteron Life and Superannuation Limited; TAL Dai-ichi Life Australia Pty Limited; and TAL Life Limited. He serves as Member of the Member’s Council of Dai-ichi Life Insurance Company of Vietnam, Limited and Commissioner of PT Panin Dai-ichi Life. He also serves as Director of DLI North America Inc. Mr. Asano previously served as a director on Protective’s Board from 2017-2018. He holds a Faculty of Economics degree from Keio University.

For more information about Protective’s Board of Directors, visit https://investor.protective.com/board-of-directors.

About Protective Life Corporation

Protective Life Corporation (Protective) provides financial services through the production, distribution and administration of insurance and investment products throughout the U.S. Protective traces its roots to its flagship company, Protective Life Insurance Company – founded in 1907. Throughout its more than 110-year history, Protective’s growth and success can be largely attributed to its ongoing commitment to serving people and doing the right thing – for its employees, distributors, and most importantly, its customers. Protective’s home office is located in Birmingham, Alabama, and its 3,000+ employees are located in offices across the United States. As of December 31, 2019, Protective had assets of approximately $120 billion. Protective Life Corporation is a wholly owned subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750). For more information about Protective, please visit www.Protective.com.