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First Symetra National Life Insurance Co. of New York Approved to Sell Medical Excess Loss in New York

NEW YORK, N.Y. — (Jan. 18, 2005) — First Symetra National Life Insurance Co. of New York, headquartered in New York, N.Y., has been approved to sell medical excess loss insurance in New York state, effective Jan. 1. The excess loss product is designed to protect companies with self-funded healthcare plans against large or potentially catastrophic medical claims.

"We’re pleased to be in New York with our excess loss product, because we recognize it as a marketplace with an abundance of opportunity," said Randall H. Talbot, President and CEO of First Symetra. "We already have a presence in New York with our annuities, and look forward to offering additional group insurance products in the future."

First Symetra National Life Insurance Co. of New York, based in New York, N.Y., is an insurance and financial services company that works in partnership with independent agents and advisors to provide annuities, group employee benefits and retirement plans to customers.