Zurich Financial Services
05 July 2007






Zurich closes acquisition of Bristol West Holdings, Inc.


    Zurich Financial Services
                 Mythenquai 2
                  8022 Zurich
                  Switzerland
               www.zurich.com
   SWX Swiss Exchange/virt-x:
                         ZURN
             Valor: 001107539



              Media Relations
    Phone +41 (0)44 625 21 00
      Fax +41 (0)44 625 26 41
             media@zurich.com



           Investor Relations
    Phone +41 (0)44 625 22 99
      Fax +41 (0)44 625 36 18
investor.relations@zurich.com



Zurich, July 5, 2007 - Zurich Financial Services Group (Zurich) announces that
after having received all the necessary regulatory approvals its subsidiary
Farmers Group, Inc. (FGI) has completed the acquisition of 100% of Bristol West
Holdings, Inc. on July 3. Bristol West Holdings is specialized in non-standard
auto insurance business. The transaction represents an equity value of USD 713.5
million. As part of the transaction, FGI has sold the underlying insurance
business to the Farmers Exchanges (which FGI manages but does not own) for USD
370 million. The transaction was first announced on March 2, 2007.

Zurich Financial Services Group (Zurich) is an insurance-based financial
services provider with a global network of subsidiaries and offices in North
America and Europe as well as in Asia Pacific, Latin America and other markets.
Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs
approximately 55,000 people serving customers in more than 150 countries.




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