September 18, 2006, Hong Kong – American International Assurance Company (Bermuda) Limited (AIA) has announced the promotion of Mr. Derek Yung to Senior Vice President and Deputy General Manager.

In his new capacity, Mr. Yung continues to develop long term strategic plans in management of agency force for the company. He is responsible for enhancing agency production, growth and development. In his expanded role, Mr. Yung will also oversee the management and development of Group and Credit Insurance, Health Services Department, Business Development and Private Bancassurance Department and Office of the Customer Department. Mr. Yung is a veteran in life insurance industry who first started his career in 1985. He joined the Marketing Department of AIA in 1997. His expertise in areas of agency management and marketing has strengthened the development of the company.

Mr. Yung holds a Bachelor Degree in Civil Engineering from the University of Leeds in London. He is a Fellow of Life Management Institute (FLMI) and achieved designations in Associate, Customer Service (ACS), Associate, Insurance Agency Administration (AIAA) and Associate, Insurance Regulatory Compliance (AIRC).

AIA is Southeast Asia's largest life insurer, with branch offices, subsidiaries and affiliated companies located in countries and jurisdictions including Australia, Brunei, China, Guam, Hong Kong, India, Indonesia, Japan, Macau, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam. AIA markets a full line of life insurance products through a multi-channel distribution system, whose core franchise is an extensive agency force. AIA is a wholly-owned subsidiary of American International Group, Inc. (AIG), the world's leading international insurance and financial services organization.

AIA is Southeast Asia’s largest life insurer, with branch offices, subsidiaries and affiliated companies located in countries and jurisdictions including Australia, Brunei, China, Guam, Hong Kong, India, Indonesia, Japan, Macau, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam.AIA markets a full line of life insurance products through a multi-channel distribution system, whose core franchise is an extensive agency force. AIA is a wholly-owned subsidiary of American International Group, Inc. (AIG), the world’s leading international insurance and financial services organization.