Reliance National In Deal With Tian An In China

Reliance National Insurance Co.ce Group Holdings, Inc. announced today that it has signed a letter of intent with Tian An Insurance Company, providing for joint cooperation between its <%=company%> unit and Tian An in the development, underwriting and reinsurance of insurance products in China. Reliance National Insurance Co.ce National would provide Tian An with personnel training, technical assistance and other support. Reliance expects to provide reinsurance for the jointly developed insurance products underwritten by Tian An.

Saul P. Steinberg, Reliance Group chairman and chief executive officer, said, "We look forward to building a long-term relationship with Tian An by providing our expertise in the development of insurance products to serve the ever-increasing demands of the Chinese market. We are excited about this opportunity and our growth prospects throughout the region. We want to bring to this market a full range of our insurance capabilities, including our growing array of e-commerce products."

Christopher Cron, Reliance National's managing director of Asian Operations, said, "Reliance has been expanding its presence in the Asia/Pacific region, including Singapore, Hong Kong and South Korea. This important agreement demonstrates our ongoing commitment to the region."