CIGNA INSURANCE ASIA PACIFIC LIMITED TO ASSUME BUSINESS OF CIGNA PROPERTY AND CASUALTY INSURANCE COMPANY'S THAILAND BRANCH TRANSFER REFLECTS CIGNA'S EFFORT TO OPERATE ITS INTERNATIONAL BUSINESSES THROUGH SELECTED DOMESTIC AND REGIONAL INSURANCE ENTITIES AND THUS MEET LOCAL CUSTOMER NEEDS MORE EFFECTIVELY BANGKOK, Thailand, Aug. 19 /PRNewswire - AsiaNet/ -- CIGNA Insurance AsiaPacific Limited (CIAPL) will, with regulatory approval, assume the insurancebusiness of the Thailand branch of CIGNA Property and Casualty InsuranceCompany, effective 1 September 1998. CIAPL is a wholly owned subsidiary of CIGNA International Holdings, Ltd.,whose ultimate parent is CIGNA Corporation (NYSE: CI). With shareholders'equity of US$8.3 billion and assets of US$111 billion, CIGNA and itssubsidiaries rank among the world's leading providers of insurance, healthcare and financial services. Mrs. Supunnee Jutidumrongpan will remain manager of CIAPL's Thailandoperation. "CIGNA has a long-standing presence and commitment to developing ourbusiness in the Asia Pacific area," said Paul E. Hartley, senior vicepresident of CIGNA International's Asia Pacific region operations. "Thetransfer of business to CIAPL is part of our global effort to operate ourworldwide businesses through a select number of domestic and regionalinsurance entities. This enables us to apply, to the fullest extent, thestrengths of our global network to meet the needs of our customers in localmarkets." CIGNA has had a presence in Thailand since the mid 1930s through AFIA, aCIGNA predecessor organization doing business in the region. In 1968,AFIA/Thailand opened an office to write direct fire and marine insurance inBangkok. This was the first foreign insurance company to be fully staffed andmanaged by Thai nationals. Today, CIGNA offers a full range of commercial property and casualtyinsurance products, technical lines and risk management services to businessesoperating in Thailand. All current insurance and reinsurance policies of the Thailand branch ofCIGNA Property and Casualty Insurance Company will be assumed by CIAPL. Anyendorsements to or renewals of existing policies made on or after 1 September1998 will be issued by CIAPL. SOURCE CIGNA Corporation CONTACT: Mrs. Supunnee Jutidumrongpan, 66-2-253-9467 (in Thailand), or Paul Gallanda, 001-215-761-4746 (in the United States), both of CIGNA/ /Company News On-Call: http://www.prnewswire.com/ (CI)