Siam Commercial New York Life Aims To Be Top Five by 2004

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Bangkok--Feb 13--Siam Commercial New York Life Top executives of Siam Commercial New York Life Insurance PCL, led by Mr. Donald Carden, president and CEO (third left) recently held press conference and announced its mission to become top five life insurance companies in term of new business premium by 2004, 3 years ahead earlier target. The company would continue aggressive strategy by increasing agency forces and utilizing the strong braches network of Siam Commercial Bank to expand bancassurance distribution. It expects to achieve baht 2.513 billion in new business premium, an increase of 43% and total premium would rise 54% to baht 4.031 billion by this year-end. For more information, please contact Ms. Nantawan Kijthanacharoen Corporate Communications Department Tel. 0-2655-3000 ext 3839 Email: [email protected] www.scnyl.com End. -RK-

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