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New York Life International Announces Craig A. Merdian Joins As Executive Vice President And Chief Financial Officer

NEW YORK, N.Y., SEPTEMBER 13, 2007 – New York Life Insurance Company announced today that Craig A. Merdian has joined New York Life International (NYLI) as executive vice president and chief financial officer. Mr. Merdian reports to Chairman and Chief Executive Officer of New York Life International Joseph A. Gilmour.

Mr. Merdian is responsible for managing several of New York Life International’s core functional areas, including all financial, accounting, investment and actuarial matters for NYLI. Additionally, he is a member of NYLI’s Senior Leadership Team, which is responsible for establishing management policies in all areas of the NYLI’s business and affairs.

Mr. Merdian most recently served as vice president within the international insurance business at Prudential Financial, where he was responsible for pricing and developing the financial structure for mergers and acquisitions. Prior to joining Prudential, Mr. Merdian was a principal with Tillinghast, a leading consulting firm, for 13 years. In that role, he established a Singapore office, building a life insurance consulting practice with responsibility for leading projects in Japan, Taiwan, Indonesia, Malaysia and Singapore.

Mr. Merdian received a bachelor’s degree from Drake University in Des Moines, Iowa, is a certified public accountant and an FSA (Fellow of the Society of Actuaries). He currently resides in Roseland, NJ with his wife Lena.

New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings from all four of the major credit rating agencies. Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investment Management LLC provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.

Please visit New York Life’s Web site at www.newyorklife.com for more information.

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New York Life International Announces Craig A. Merdian Joins As Executive Vice President And Chief Financial Officer

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