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Thailand's Navakij Insurance Sees Growth in 2004 but Premium Rank May Decline.
Byline: Charoen Kittikanya
Dec. 8--As a result of a merger with two small insurance companies, Navakij Insurance Plc expects to collect over 1.45 billion baht in premiums in 2004, a rise from expected 1.3 billion baht this year.
According to Suchin Wanglee, the chairman of Navakij's executive board, by January next year, International Assurance would stop issuing new policies and a year later the listed Thai Commercial Insurance Plc (TCI) would do likewise and delist from the Stock Exchange of Thailand.
The operating licences of TCI and International Assurance would later be returned to the Insurance Department when the two firms had been ...
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