The Siam Commercial Samaggi Insurance PCL Appoints Khun Nittaya Piriyathamwong as Its New Managing Director

  The Siam Commercial Samaggi Insurance PCL Appoints Khun Nittaya
  Piriyathamwong as Its New Managing Director

Business Wire

BANGKOK -- July 3, 2014

The Siam Commercial Samaggi Insurance PCL, an ACE Group company, announced
today the appointment of Khun Nittaya Piriyathamwong, as its new Managing
Director. Khun Nittaya replaces Khun Chiravuthi Bunyasiri, who was on
secondment to the insurer from Siam Commercial Bank, where he will return to

Khun Nittaya Piriyathamwong is currently the Group Head, Center of Excellence
Group for the insurer. She will assume the role of Managing Director with
effect from July 1, 2014.

Khun Nittaya has been with the company for over 2 years. Prior to that, she
worked for The Insurance Premium Rating Bureau as a Secretary General for 7
years and has held senior positions in the research industry. She has a broad
range of management experience encompassing business management, strategic
management, research, finance and operations.

According to Khunying Jada Wattanasiritham, Chairperson, Board of Directors
The Siam Commercial Samaggi Insurance PCL, “We are grateful to Khun Chiravuthi
for his commitment and diligence in managing the company over the last 9
years. He has grown the company from strength to strength and skilfully
steered it through some challenging times. We thank him for his services and
wish him well in his new appointment, while we look forward to Khun Nittaya’s

On Khun Nittaya’s appointment, Juan Luis Ortega, Regional President for ACE in
Asia Pacific said, “Our business in Thailand is one of the most dynamic in the
region. The prospects ahead are bright as we have ambitious plans to grow our
products and distribution channels given the opportunities in this exciting
emerging market. We are delighted to welcome Khun Nittaya to the leadership
team. With her strong passion to support the business growth and her proven
ability to lead successful changes previously in the company, Khun Nittaya is
ideally suited to steward the company to its next level of development.”


The Siam Commercial Samaggi Insurance Public Company Limited in Thailand is an
ACE Group company, one of the world’s largest multiline property and casualty
insurers. ACE and its local partner own 93.03% of the insurer including the
60.86% stake acquired from The Siam Commercial Bank PCL in April 2014.

With operations in more than 50 countries, ACE Group provides commercial and
personal property and casualty insurance, personal accident and supplemental
health insurance, reinsurance and life insurance to a diverse group of
clients. ACE Limited, the parent company of the ACE Group, is listed on the
New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index.
ACE’s core operating insurance companies are rated AA for financial strength
by Standard & Poor’s and A++ by A.M. Best.

Established in 1947 and listed on the Stock Exchange of Thailand,
Bangkok-based The Siam Commercial Samaggi Insurance PCL [SCSMG] is a major
writer of auto, small commercial and personal accident insurance. A key player
in the local general insurance market, it distributes its products including
fire, marine, auto and personal accident insurance through banks, independent
agents and its branch network.


The Siam Commercial Samaggi Insurance PCL
Nitjawan Khooha, +66-2-555-9550
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